HB3855 101ST GENERAL ASSEMBLY

LRB101 12954 RJF 61790 b

101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3855

Introduced 10/17/2019, by Rep. Maurice A. West, II - Mark L. Walker - Allen Skillicorn, Daniel Didech, Diane Pappas, et al.

SYNOPSIS AS INTRODUCED:

25 ILCS 120/7 new

Amends the Compensation Review Act. Provides that members of the General Assembly may at any time elect not to receive any increase in compensation that would otherwise apply based on a cost of living adjustment for or during any given fiscal year. Provides that upon electing not to receive a cost of living adjustment, the amount by which a member's compensation would have increased but for the election not to receive such funds shall be paid into the State Pensions Fund. Provides that once a member of the General Assembly elects not to receive a cost of living adjustment, he or she shall not be eligible to receive a cost of living adjustment for the remainder of the fiscal year in which the election was made. Provides that any increase in compensation received as a cost of living adjustment by a member of the General Assembly prior to the election not to receive such funds shall be repaid to the State and deposited into the State Pensions Fund.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning State government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Compensation Review Act is amended by adding Section 7 as follows:

(25 ILCS 120/7 new)

Sec. 7. COLA opt-out. Notwithstanding any provision of law to the contrary, members of the General Assembly may at any time elect not to receive any increase in compensation that would otherwise apply based on a cost of living adjustment, as authorized by Senate Joint Resolution 192 of the 86th General Assembly, for or during any given fiscal year. Upon electing not to receive a cost of living adjustment under this Section, the amount by which a member's compensation would have increased but for the election not to receive such funds shall be paid into the State Pensions Fund. Once a member of the General Assembly elects not to receive a cost of living adjustment, he or she shall not be eligible to receive a cost of living adjustment for the remainder of the fiscal year in which the election was made. Any increase in compensation received as a cost of living adjustment by a member of the General Assembly prior to the election not to receive such funds shall be repaid to the State and deposited into the State Pensions Fund.