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| Public Act 103-0862 | ||||
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AN ACT concerning education. | ||||
Be it enacted by the People of the State of Illinois, | ||||
represented in the General Assembly: | ||||
Section 5. The Illinois Pension Code is amended by | ||||
changing Section 15-158.3 as follows: | ||||
(40 ILCS 5/15-158.3) | ||||
Sec. 15-158.3. Reports on cost reduction; effect on | ||||
retirement at any age with 30 years of service. | ||||
(a) On or before November 15, 2001 and on or before | ||||
November 15th of each year thereafter, the Board shall have | ||||
the System's actuary prepare a report showing, on a fiscal | ||||
year by fiscal year basis, the actual rate of participation in | ||||
the self-managed plan authorized by Section 15-158.2, (i) by | ||||
employees of the System's covered higher educational | ||||
institutions who were hired on or after the implementation | ||||
date of the self-managed plan and (ii) by other System | ||||
participants. | ||||
(b) On or before November 15th of 2001 and on or before | ||||
November 15th of each year thereafter, the Illinois Board of | ||||
Higher Education, in conjunction with the Bureau of the Budget | ||||
(now Governor's Office of Management and Budget) shall prepare | ||||
a report showing, on a fiscal year by fiscal year basis, the | ||||
amount by which the costs associated with compensable sick | ||||
leave have been reduced as a result of the termination of | ||
compensable sick leave accrual on and after January 1, 1998 by | ||
employees of higher education institutions who are | ||
participants in the System. | ||
(c) (Blank). | ||
(d) The report required under subsection (b) shall be | ||
disseminated to the Board, the Pension Laws Commission (until | ||
it ceases to exist), the Commission on Government Forecasting | ||
and Accountability, the Illinois Board of Higher Education, | ||
and the Governor. | ||
(e) The report required under subsection (b) shall be | ||
taken into account by the Pension Laws Commission (or its | ||
successor, the Commission on Government Forecasting and | ||
Accountability) in making any recommendation to extend by | ||
legislation beyond December 31, 2002 the provision that allows | ||
a System participant to retire at any age with 30 or more years | ||
of service as authorized in Section 15-135. | ||
(f) On and after December 31, 2026, subsections (b), (d), | ||
and (e) are inoperative. | ||
(Source: P.A. 102-19, eff. 7-1-21.) | ||
Section 10. The Higher Education Veterans Service Act is | ||
amended by changing Section 20 as follows: | ||
(110 ILCS 49/20) | ||
Sec. 20. Expenditure Fiscal impact and reporting. Each | ||
October 15 September 1, each public college and university | ||
that is required to have a Coordinator of Veterans and | ||
Military Personnel Student Services under subsection (b) of | ||
Section 20 of this Act shall report to the Board of Higher | ||
Education, in collaboration with the Illinois Community | ||
College Board, on the expenditures for the prior fiscal year | ||
for on the fiscal impact of the programs and services related | ||
to the requirements of this Act and on the efforts of the | ||
public college or university in attracting, recruiting, and | ||
retaining veterans and military personnel. | ||
The Board of Higher Education shall compile the | ||
information and, within 60 days after receipt of such | ||
information, issue a report reflecting the information for | ||
each institution required to report under this Section. The | ||
report must be filed with the Governor, the Governor's Office | ||
of Management and Budget, the Director of Veterans' Affairs, | ||
the Executive Director of the Illinois Community College | ||
Board, the Speaker of the House of Representatives, the | ||
President of the Senate, the Minority Leader of the House of | ||
Representatives, and the Minority Leader of the Senate. | ||
(Source: P.A. 102-295, eff. 8-6-21.) | ||