Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/7-144.3

from Ch. 108 1/2, par. 7-144.3

40 ILCS 5/7-172

from Ch. 108 1/2, par. 7-172

30 ILCS 805/8.32 new

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Fund. Changes how a supplemental benefit payment is calculated. Provides that the amount of the supplemental benefit payment to each eligible person shall be 75% of the monthly retirement or surviving spouse annuity payable to that person in June preceding the July 1 supplemental benefit payment date. Adds the percentage of earnings of the participating employees of all participating municipalities and participating instrumentalities necessary to provide that year's supplemental benefit payment to the list of considerations in determining the municipal contribution rate. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Pension Note (Commission on Gov. Forecasting & Accountability)

IMRF says that the current cost of providing the "13th payment" is 0.62% of payroll statewide. IMRF had a total employer payroll of $5.6 billion as of December 31, 2006. Therefore, the total statewide cost is currently $34.7 million. Increasing the amount of the "13th payment" will add additional statewide cost equal to 0.24% of payroll. If SB 1959 becomes law, IMRF employers will incur a cost of 0.86% of payroll, or $48.2 million, statewide.

Fiscal Note (Commission on Gov. Forecasting & Accountability)

IMRF says that the current cost of providing the "13th payment" is 0.62% of payroll statewide. IMRF had a total employer payroll of $5.6 billion as of December 31, 2006. Therefore, the total statewide cost is currently $34.7 million. Increasing the amount of the "13th payment" will add additional statewide cost equal to 0.24% of payroll. If SB 1959 becomes law, IMRF employers will incur a cost of 0.86% of payroll, or $48.2 million, statewide.

	State Debt Impact Note (Commission on Gov. Forecasting & Accountability)
	Would not affect the level of State indebtedness.

	State Mandates Fiscal Note (Dept. of Commerce & Econ. Opportunity)
	SB1959 does create a non reimbursable State Mandate.

Actions 

Date	Chamber	Action
2/7/2008	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.
2/7/2008	Senate	First Reading
2/7/2008	Senate	Referred to Rules
3/5/2008	Senate	Assigned to Pensions and Investments
3/12/2008	Senate	Do Pass Pensions and Investments; 006-002-000
3/12/2008	Senate	Placed on Calendar Order of 2nd Reading March 13, 2008
4/8/2008	Senate	Second Reading
4/8/2008	Senate	Placed on Calendar Order of 3rd Reading April 9, 2008
4/16/2008	Senate	Third Reading - Passed; 040-016-003
4/17/2008	House	Arrived in House
4/17/2008	House	Placed on Calendar Order of First Reading
4/17/2008	House	Chief House Sponsor Rep. Thomas Holbrook
4/17/2008	House	First Reading
4/17/2008	House	Referred to Rules Committee
4/29/2008	House	Added Alternate Chief Co-Sponsor Rep. Jack McGuire
5/1/2008	House	State Mandates Fiscal Note Requested by Rep. Roger L. Eddy
5/1/2008	House	Pension Note Requested by Rep. Roger L. Eddy
5/1/2008	House	Fiscal Note Requested by Rep. Thomas Holbrook
5/1/2008	House	State Mandates Fiscal Note Requested by Rep. Thomas Holbrook
5/1/2008	House	Balanced Budget Note Requested by Rep. Thomas Holbrook
5/1/2008	House	Pension Note Requested by Rep. Thomas Holbrook
5/1/2008	House	State Debt Impact Note Requested by Rep. Thomas Holbrook
5/6/2008	House	Pension Note Filed
5/6/2008	House	Fiscal Note Filed
5/6/2008	House	State Debt Impact Note Filed
5/7/2008	House	State Mandates Fiscal Note Filed
8/19/2008	House	Added Alternate Co-Sponsor Rep. Daniel V. Beiser
1/13/2009	Senate	Session Sine Die

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