Bill Status of SB 1916   94th General Assembly

Short Description:  PEN CD-SELF MANAGD PLAN-FREEZE

Senate Sponsors
Sen. Chris Lauzen

Last Action  View All Actions

DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-101from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-101.5 new
40 ILCS 5/2-105from Ch. 108 1/2, par. 2-105
40 ILCS 5/2-117from Ch. 108 1/2, par. 2-117
40 ILCS 5/2-117.4 new
40 ILCS 5/14-102.5 new
40 ILCS 5/14-103.05from Ch. 108 1/2, par. 14-103.05
40 ILCS 5/14-103.40 new
40 ILCS 5/14-103.41 new
40 ILCS 5/14-105.8 new
40 ILCS 5/14-133from Ch. 108 1/2, par. 14-133
40 ILCS 5/14-133.2 new
40 ILCS 5/15-101.5 new
40 ILCS 5/16-102.5 new
40 ILCS 5/18-101from Ch. 108 1/2, par. 18-101
40 ILCS 5/18-102from Ch. 108 1/2, par. 18-102
40 ILCS 5/18-102.5 new
40 ILCS 5/18-112.7 new
40 ILCS 5/18-120from Ch. 108 1/2, par. 18-120

Synopsis As Introduced
Amends the Illinois Pension Code. Directs the Board of the State Employees' Retirement System to establish a self-managed plan. Provides that a person who becomes a participant in that System or a judge, constitutional officer, or member of the General Assembly on or after the effective date of that self-managed plan must participate in the self-managed plan. Allows current judges, constitutional officers, members of the General Assembly, and members of the State Employees' Retirement System who are not yet vested to elect to participate in the self-managed plan. Also provides that any future benefit increase or other change in the GA, Judges, State Employees, State Universities, or Downstate Teacher retirement system applies only during periods when the retirement system is at least 90% funded. Effective immediately.

Actions 
DateChamber Action
  2/25/2005SenateFiled with Secretary by Sen. Chris Lauzen
  2/25/2005SenateFirst Reading
  2/25/2005SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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