Illinois General Assembly - Bill Status for SB 377

Amends the State Universities Article of the Illinois Pension Code. In the definitions of "employer" and "employee", updates certain references to the Illinois Century Network, which is now part of the Bureau of Communication and Computer Services. Effective immediately.

Amends the Cook County and Cook County Forest Preserve Articles of the Illinois Pension Code. Allows a person who meets specified criteria to elect to receive a one-time lump sum retirement cancellation payment equal to the amount of his or her contributions to the Fund on the date of termination, with regular interest, multiplied by 1.5. Provides that a person who receives an alternative cancellation payment forfeits the right to any other benefits. Amends the State Mandates Act to require implementation without reimbursement.

Replaces everything after the enacting clause with the engrossed bill as amended by House Amendment No. 1 with the following changes. Amends the Cook County Article of the Illinois Pension Code. Deletes provisions concerning the expense reserve, county contribution reserve, employee's contribution reserve, annuity payment reserve, prior service annuity reserve, child's annuity reserve, duty disability reserve, ordinary disability reserve, gift reserve, investment and interest reserve, supplementary payment reserve, and optional contribution reserve. Makes corresponding changes. Provides that an adequate system of accounts and records shall be established to report the financial condition of the County Employees' and Officers' Annuity and Benefit Fund and that such additional data as is necessary for required calculations, actuarial valuations, and operation of the fund shall be maintained. In provisions concerning the eligibility requirements for alternative cancellation payments in the Cook County and Cook County Forest Preserve Articles of the Illinois Pension Code, provides that the person must be a member that was continuously employed in a position on and after the effective date (rather than on and after April 15, 2007). Effective immediately.

Date	Chamber	Action
8/23/2007	Senate	Public Act . . . . . . . . . 95-0369

Date	Chamber	Action
2/7/2007	Senate	Filed with Secretary by Sen. Don Harmon
2/7/2007	Senate	First Reading
2/7/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Pensions and Investments
3/1/2007	Senate	Do Pass Pensions and Investments; 010-000-000
3/1/2007	Senate	Placed on Calendar Order of 2nd Reading March 2, 2007
3/2/2007	Senate	Second Reading
3/2/2007	Senate	Placed on Calendar Order of 3rd Reading March 6, 2007
3/15/2007	Senate	Third Reading - Passed; 056-000-000
3/15/2007	House	Arrived in House
3/15/2007	House	Placed on Calendar Order of First Reading
3/20/2007	House	Chief House Sponsor Rep. Robert S. Molaro
3/20/2007	House	First Reading
3/20/2007	House	Referred to Rules Committee
4/11/2007	House	Assigned to Personnel and Pensions Committee
4/17/2007	House	House Amendment No. 1 Filed with Clerk by Personnel and Pensions Committee
4/17/2007	House	House Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote
4/17/2007	House	Do Pass as Amended / Short Debate Personnel and Pensions Committee; 005-000-000
4/17/2007	House	Placed on Calendar 2nd Reading - Short Debate
4/17/2007	House	Second Reading - Short Debate
4/17/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/18/2007	House	House Amendment No. 2 Filed with Clerk by Rep. Robert S. Molaro
4/18/2007	House	House Amendment No. 2 Referred to Rules Committee
4/18/2007	House	House Amendment No. 3 Filed with Clerk by Rep. Robert S. Molaro
4/18/2007	House	House Amendment No. 3 Referred to Rules Committee
4/18/2007	House	Added Alternate Chief Co-Sponsor Rep. Jim Durkin
4/19/2007	House	House Amendment No. 4 Filed with Clerk by Rep. Robert S. Molaro
4/19/2007	House	House Amendment No. 4 Referred to Rules Committee
4/23/2007	House	House Amendment No. 2 Recommends Be Adopted Rules Committee; 003-000-000
4/24/2007	House	House Amendment No. 4 Recommends Be Adopted Rules Committee; 005-000-000
4/24/2007	House	Recalled to Second Reading - Short Debate
4/24/2007	House	House Amendment No. 2 Withdrawn by Rep. Robert S. Molaro
4/24/2007	House	House Amendment No. 4 Adopted by Voice Vote
4/24/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/25/2007	House	Added Alternate Chief Co-Sponsor Rep. Kenneth Dunkin
5/1/2007	House	Third Reading - Short Debate - Passed 086-030-000
5/1/2007	House	Added Alternate Chief Co-Sponsor Rep. Robert Rita
5/2/2007	Senate	Secretary's Desk - Concurrence House Amendment(s) 01,04
5/2/2007	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 01,04-May 3, 2007
5/23/2007	Senate	House Amendment No. 1 Motion to Concur Filed with Secretary Sen. Don Harmon
5/23/2007	Senate	House Amendment No. 1 Motion to Concur Referred to Rules
5/23/2007	Senate	House Amendment No. 4 Motion to Concur Filed with Secretary Sen. Don Harmon
5/23/2007	Senate	House Amendment No. 4 Motion to Concur Referred to Rules
5/23/2007	Senate	House Amendment No. 1 Motion to Concur Rules Referred to Pensions and Investments
5/23/2007	Senate	House Amendment No. 4 Motion to Concur Rules Referred to Pensions and Investments
5/24/2007	Senate	House Amendment No. 1 Motion To Concur Recommended Do Adopt Pensions and Investments; 009-000-000
5/24/2007	Senate	House Amendment No. 4 Motion To Concur Recommended Do Adopt Pensions and Investments; 009-000-000
5/29/2007	Senate	House Amendment No. 1 Senate Concurs 057-000-000
5/29/2007	Senate	House Amendment No. 4 Senate Concurs 057-000-000
5/29/2007	Senate	Passed Both Houses
6/27/2007	Senate	Sent to the Governor
8/23/2007	Senate	Governor Approved
8/23/2007	Senate	Effective Date August 23, 2007
8/23/2007	Senate	Public Act . . . . . . . . . 95-0369

	Adds reference to:
	40 ILCS 5/9-121.6	from Ch. 108 1/2, par. 9-121.6