Bill Status of HB 857   95th General Assembly

Short Description:  PEN CD-SURS-SERVICE CRED

House Sponsors
Rep. Robert S. Molaro-William B. Black

Senate Sponsors
(Sen. Kwame Raoul)


Last Action  View All Actions

DateChamber Action
  8/13/2007HousePublic Act . . . . . . . . . 95-0083

Statutes Amended In Order of Appearance
40 ILCS 5/15-113.6from Ch. 108 1/2, par. 15-113.6
40 ILCS 5/15-113.7from Ch. 108 1/2, par. 15-113.7
40 ILCS 5/15-141from Ch. 108 1/2, par. 15-141
40 ILCS 5/15-158.3
40 ILCS 5/15-178from Ch. 108 1/2, par. 15-178
40 ILCS 5/15-167.3 rep.

Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. In provisions concerning service for employment in public schools and other public employment, replaces references to service in the military forces with references to service in a capacity essentially similar or equivalent to that of a teacher. Deletes a provision requiring the Board of Trustees of the State Universities Retirement System to have the System's actuary prepare a report showing the actual rate of participation in the self-managed plan and the extent to which employee optional retirement plan participation has reduced the State's required contributions to the System. Provides that, in addition to warrants and checks, the State Comptroller and payroll officers may use an electronic funds transfer to pay employees. Repeals a provision encouraging the System to use emerging investment managers, minority-owned businesses, female-owned businesses, and business owned by persons with disabilities in managing the system's assets. Makes other changes. Effective immediately.

House Amendment No. 1
Replaces everything after the enacting clause with the bill as introduced with the following change: restores provisions of existing law requiring the Board to have the System's actuary prepare a report showing the actual rate of participation in the self-managed plan.

Actions 
DateChamber Action
  2/7/2007HouseFiled with the Clerk by Rep. Robert S. Molaro
  2/7/2007HouseFirst Reading
  2/7/2007HouseReferred to Rules Committee
  2/15/2007HouseAssigned to Executive Committee
  3/6/2007HouseRe-assigned to Personnel and Pensions Committee
  3/15/2007HouseHouse Amendment No. 1 Filed with Clerk by Personnel and Pensions Committee
  3/15/2007HouseHouse Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote
  3/15/2007HouseDo Pass as Amended / Short Debate Personnel and Pensions Committee; 003-001-000
  3/15/2007HousePlaced on Calendar 2nd Reading - Short Debate
  3/22/2007HouseAdded Chief Co-Sponsor Rep. William B. Black
  3/28/2007HouseSecond Reading - Short Debate
  3/28/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/17/2007HouseThird Reading - Short Debate - Passed 109-000-002
  4/20/2007SenateArrive in Senate
  4/20/2007SenatePlaced on Calendar Order of First Reading
  4/20/2007SenateChief Senate Sponsor Sen. Kwame Raoul
  4/20/2007SenateFirst Reading
  4/20/2007SenateReferred to Rules
  4/25/2007SenateAssigned to Pensions and Investments
  5/2/2007SenateDo Pass Pensions and Investments; 007-000-000
  5/2/2007SenatePlaced on Calendar Order of 2nd Reading May 3, 2007
  5/3/2007SenateSecond Reading
  5/3/2007SenatePlaced on Calendar Order of 3rd Reading May 8, 2007
  5/16/2007SenateThird Reading - Passed; 058-000-000
  5/16/2007HousePassed Both Houses
  6/14/2007HouseSent to the Governor
  8/13/2007HouseGovernor Approved
  8/13/2007HouseEffective Date August 13, 2007
  8/13/2007HousePublic Act . . . . . . . . . 95-0083

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