Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/2-124

from Ch. 108 1/2, par. 2-124

40 ILCS 5/2-134

from Ch. 108 1/2, par. 2-134

40 ILCS 5/14-108.3

40 ILCS 5/14-131

from Ch. 108 1/2, par. 14-131

40 ILCS 5/14-135.08

from Ch. 108 1/2, par. 14-135.08

40 ILCS 5/15-155

from Ch. 108 1/2, par. 15-155

40 ILCS 5/15-165

from Ch. 108 1/2, par. 15-165

40 ILCS 5/16-158

from Ch. 108 1/2, par. 16-158

40 ILCS 5/18-131

from Ch. 108 1/2, par. 18-131

40 ILCS 5/18-140

from Ch. 108 1/2, par. 18-140

Synopsis As Introduced
Amends the Illinois Pension Code. In provisions concerning the 5 State-funded retirement systems, deletes language specifying dollar amounts for the State contribution to each System required for FY 2007 and provides that the minimum contribution to the systems to be made by the State for each fiscal year shall be an amount determined by the systems to be sufficient to bring the total assets of the systems up to 90% of the total actuarial liabilities of the System by the end of State fiscal year 2056 (was by the end of State fiscal year 2045). Changes how certain calculations related to the required State contributions are made. Provides that the Board of Trustees of the retirement systems must re-certify, on or before July 1, 2006, the amount of the required State contribution for FY 2007, taking into account the changes made by this amendatory Act. In the State Employee Article of the Illinois Pension Code, provides that increases as a result of certain early retirement incentives shall not be included in the calculation of the required State contribution under that Article, but shall be appropriated separately. Effective immediately.

Actions 

Date	Chamber	Action
2/6/2006	House	Filed with the Clerk by Rep. Bill Mitchell
2/6/2006	House	First Reading
2/6/2006	House	Referred to Rules Committee
1/9/2007	House	Session Sine Die

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