Illinois General Assembly - Bill Status for HB 1757

Bill Status of HB 1757 102nd General Assembly

Short Description: PEN CD-TIER 3 PLAN

House Sponsors
Rep. David Friess

Last Action View All Actions

Date Chamber Action
  1/10/2023 House Session Sine Die

Statutes Amended In Order of Appearance
5 ILCS 375/3 from Ch. 127, par. 523
5 ILCS 375/10 from Ch. 127, par. 530
40 ILCS 5/1-160
40 ILCS 5/1-161
40 ILCS 5/2-105.3 new
40 ILCS 5/2-162
40 ILCS 5/2-165.5 new
40 ILCS 5/14-103.41
40 ILCS 5/14-103.44 new
40 ILCS 5/14-103.45 new
40 ILCS 5/14-152.1
40 ILCS 5/14-155.5 new
40 ILCS 5/15-108.1
40 ILCS 5/15-108.2
40 ILCS 5/15-108.3 new
40 ILCS 5/15-198
40 ILCS 5/15-200.5 new
40 ILCS 5/16-106.41
40 ILCS 5/16-106.42 new
40 ILCS 5/16-106.43 new
40 ILCS 5/16-203
40 ILCS 5/16-205.5 new
40 ILCS 5/18-110.1 new
40 ILCS 5/18-110.2 new
40 ILCS 5/18-110.3 new
40 ILCS 5/18-121.5 new
40 ILCS 5/18-124 from Ch. 108 1/2, par. 18-124
40 ILCS 5/18-125 from Ch. 108 1/2, par. 18-125
40 ILCS 5/18-125.1 from Ch. 108 1/2, par. 18-125.1
40 ILCS 5/18-127 from Ch. 108 1/2, par. 18-127
40 ILCS 5/18-128.01 from Ch. 108 1/2, par. 18-128.01
40 ILCS 5/18-133 from Ch. 108 1/2, par. 18-133
40 ILCS 5/18-169
40 ILCS 5/20-121 from Ch. 108 1/2, par. 20-121
40 ILCS 5/20-123 from Ch. 108 1/2, par. 20-123
40 ILCS 5/20-124 from Ch. 108 1/2, par. 20-124
40 ILCS 5/20-125 from Ch. 108 1/2, par. 20-125

Synopsis As Introduced
Amends the Illinois Pension Code. With respect to the 5 State-funded Retirement Systems: requires each System to implement a Tier 3 plan by July 1, 2022 that aggregates State and employee contributions in individual participant accounts which are used for payouts after retirement. Provides that a person who becomes a participant of a System on or after July 1, 2022 shall participate in the Tier 3 plan instead of the defined benefit plan. Authorizes a Tier 1 or Tier 2 participant to elect to participate in the Tier 3 plan instead of the defined benefit plan and to also elect to terminate all participation in the defined benefit plan and to have a specified amount credited to his or her account. Makes related changes in the State Employees Group Insurance Act of 1971. Effective immediately.

Actions
Date Chamber Action
  2/11/2021 House Filed with the Clerk by Rep. David Friess
  2/17/2021 House First Reading
  2/17/2021 House Referred to Rules Committee
  2/22/2021 House Added Chief Co-Sponsor Rep. Amy Elik
  2/22/2021 House Remove Chief Co-Sponsor Rep. Amy Elik
  3/9/2021 House Assigned to Personnel & Pensions Committee
  3/27/2021 House Rule 19(a) / Re-referred to Rules Committee
  1/10/2023 House Session Sine Die

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Date	Chamber	Action
2/11/2021	House	Filed with the Clerk by Rep. David Friess
2/17/2021	House	First Reading
2/17/2021	House	Referred to Rules Committee
2/22/2021	House	Added Chief Co-Sponsor Rep. Amy Elik
2/22/2021	House	Remove Chief Co-Sponsor Rep. Amy Elik
3/9/2021	House	Assigned to Personnel & Pensions Committee
3/27/2021	House	Rule 19(a) / Re-referred to Rules Committee
1/10/2023	House	Session Sine Die