Illinois General Assembly - Bill Status for HB2962

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of HB2962 100th General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: PEN CD-COOK-FOREST-FUNDING

House Sponsors
Rep. Jaime M. Andrade, Jr.

Last Action

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/9-169

from Ch. 108 1/2, par. 9-169

40 ILCS 5/10-107

from Ch. 108 1/2, par. 10-107

30 ILCS 805/8.41 new

Synopsis As Introduced
Amends the Cook County and Cook County Forest Preserve Articles of the Illinois Pension Code. Specifies the dollar amount of the required employer contributions through 2021. Beginning in the year 2022, provides for the annual required contribution to be the amount determined by the Fund to be equal to the sum of (i) the employer's portion of the projected normal cost for that fiscal year, plus (ii) an amount that is sufficient to bring the total actuarial assets of the Fund up to 100% of the total actuarial liabilities of the Fund by the end of 2051. Provides that the contributions may be taken from any revenue source, including, but not limited to, other tax revenues, proceeds of borrowings, or State or federal funds. Amends the State Mandates Act to require implementation without reimbursement. Makes technical and other changes. Effective immediately.

Actions

Date	Chamber	Action
2/9/2017	House	Filed with the Clerk by Rep. Michael J. Zalewski
2/9/2017	House	First Reading
2/9/2017	House	Referred to Rules Committee
2/22/2017	House	Assigned to Personnel & Pensions Committee
3/3/2017	House	Chief Sponsor Changed to Rep. Jaime M. Andrade, Jr.
3/31/2017	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

×