Illinois General Assembly - Bill Status for HB 4045

Amends the Illinois Pension Code. In Articles 2, 14, 15, 16, and 17, requires active Tier 1 employees to elect either (i) to have automatic annual increases in retirement and survivor's annuities delayed and reduced or (ii) to maintain current benefits except for additional limits on pensionable salary; provides additional benefits to persons electing item (i). Makes funding changes, including shifting certain costs to employers under Articles 15 and 16. Restricts participation in the General Assembly Retirement System to persons who became participants before the effective date. In Articles 14, 15, and 16, requires those Systems to offer an optional accelerated benefit payment to certain members in lieu of receiving a pension. Provides separate benefits for certain persons who become participants under Article 14, 15, or 16. Requires those retirement systems to establish a defined contribution plan for certain members; in Articles 7, 8, 9, 10, 11, 12, 13, and 17, establishes similar benefits if the governing body of the unit of local government adopts those benefits. In Article 17, requires the State to contribute $215,200,000 for fiscal year 2017. Provides a continuing appropriation for the Article 17 State contribution and for certain consideration payments. Amends various Acts to make conforming changes. Provides for the transfer of certain amounts to the Pension Stabilization Fund. Amends the Illinois Educational Labor Relations Act and the Illinois Public Labor Relations Act to prohibit bargaining and interest arbitration regarding certain changes made by the amendatory Act; exempts certain existing agreements. Makes other changes. Includes severability provisions. Effective immediately.

Replaces everything after the enacting clause. Amends the General Provisions Article of the Illinois Pension Code. Provides that the Board of any pension fund or retirement system may authorize active Tier 1 employees to elect to have automatic annual increases in retirement and survivor's annuities delayed and reduced. Provides that a Tier 1 employee who makes that election is entitled to have contributions reduced to a specified rate and to receive a consideration payment of 10% of contributions made prior to the election. Provides separate benefits for persons who, on or after July 1, 2018, first become participants or members under the State Universities or Downstate Teachers Article or a noncovered participant under the State Employees Article. Authorizes persons who first become members or participants of those Systems on or after July 1, 2018 to elect the Tier 2 benefits in lieu of those separate benefits. Authorizes Tier 2 members to elect those separate benefits in lieu of the Tier 2 benefits. Requires those retirement systems to establish a voluntary defined contribution plan for certain Tier 1 members. In the Chicago Municipal, Cook County, Cook County Forest Preserve, Chicago Laborers, Chicago Park District, and Chicago Teachers Articles, establishes similar benefits if the governing body of the unit of local government adopts those benefits by resolution or ordinance. In the State Employee, State Universities, and Downstate Teachers Articles, authorizes those Systems to calculate the net present value of the pension benefits for certain inactive members and to offer those members the opportunity to elect to receive an accelerated pension benefit payment equal to 70% of the net present value of their pension benefits in lieu of receiving any pension benefit. In the State Universities and Downstate Teachers Articles, shifts certain costs to the local employer. Repeals certain provisions related to defined contributions plans under Public Act 98-599, which has been declared unconstitutional. Amends the State Employees Group Insurance Act of 1971 to make a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Makes other changes.

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

Date	Chamber	Action
5/8/2017	House	Filed with the Clerk by Rep. Barbara Flynn Currie
5/9/2017	House	First Reading
5/9/2017	House	Referred to Rules Committee
5/9/2017	House	Assigned to Personnel & Pensions Committee
5/16/2017	House	Do Pass / Short Debate Personnel & Pensions Committee; 011-002-001
5/17/2017	House	Placed on Calendar 2nd Reading - Short Debate
5/17/2017	House	Second Reading - Short Debate
5/17/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/26/2017	House	Final Action Deadline Extended-9(b) May 31, 2017
5/31/2017	House	Final Action Deadline Extended-9(b) June 30, 2017
6/28/2017	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Barbara Flynn Currie
6/28/2017	House	House Floor Amendment No. 1 Referred to Rules Committee
6/28/2017	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-001-000
6/28/2017	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Robert Martwick
6/28/2017	House	House Floor Amendment No. 2 Referred to Rules Committee
6/28/2017	House	House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 003-001-000
6/28/2017	House	Chief Sponsor Changed to Rep. Robert Martwick
6/28/2017	House	Recalled to Second Reading - Short Debate
6/28/2017	House	House Floor Amendment No. 1 Adopted
6/28/2017	House	House Floor Amendment No. 2 Adopted
6/28/2017	House	Placed on Calendar Order of 3rd Reading - Short Debate
6/28/2017	House	Removed from Short Debate Status
6/28/2017	House	Placed on Calendar Order of 3rd Reading - Standard Debate
6/28/2017	House	Third Reading - Standard Debate - Passed 061-041-000
6/28/2017	Senate	Arrive in Senate
6/28/2017	Senate	Placed on Calendar Order of First Reading
6/28/2017	Senate	Chief Senate Sponsor Sen. John J. Cullerton
6/28/2017	Senate	First Reading
6/28/2017	Senate	Referred to Assignments
6/29/2017	Senate	Rule 2-10 Committee Deadline Established As June 30, 2017
6/29/2017	Senate	Assigned to Executive
6/29/2017	Senate	Waive Posting Notice
6/29/2017	Senate	Do Pass Executive; 011-004-000
6/29/2017	Senate	Placed on Calendar Order of 2nd Reading
6/29/2017	Senate	Added as Alternate Chief Co-Sponsor Sen. Don Harmon
6/29/2017	Senate	Second Reading
6/29/2017	Senate	Placed on Calendar Order of 3rd Reading June 30, 2017
6/30/2017	Senate	Rule 2-10 Third Reading Deadline Established As June 30, 2017
8/4/2017	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
5/18/2018	Senate	Approved for Consideration Assignments
5/18/2018	Senate	Placed on Calendar Order of 3rd Reading May 21, 2018
5/25/2018	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2018
5/31/2018	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2019	House	Session Sine Die