Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/15-112

from Ch. 108 1/2, par. 15-112

Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Provides that compensation that would have been paid to the employee but for a mandatory furlough is credited to the employee for the purpose of defining final rate of earnings under the Article. Effective immediately.

Senate Committee Amendment No. 1

	Adds reference to:
	40 ILCS 5/15-113.11 new

Further amends the State Universities Article of the Illinois Pension Code. Allows a participant to establish creditable service and earnings credit for periods of furlough beginning on or after July 1, 2009 and ending on or before June 30, 2011. Provides that to receive this credit, the participant must (i) apply in writing to the System before December 31, 2011; (ii) not receive compensation from an employer for any furlough period; and (iii) make specified employee contributions based on the rate of basic compensation during the periods of furlough, plus an amount determined by the Board to be equal to the employer's normal cost of the benefit, plus compounded interest at the actuarially assumed rate from the date of voluntary or involuntary furlough to the date of payment. Requires the participant to provide, at the time of application, written certification from the employer providing the total number of furlough days a participant has been required to take.

Actions 

Date	Chamber	Action
2/11/2010	Senate	Filed with Secretary by Sen. Michael W. Frerichs
2/11/2010	Senate	First Reading
2/11/2010	Senate	Referred to Assignments
2/24/2010	Senate	Assigned to Pensions and Investments
3/2/2010	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael W. Frerichs
3/2/2010	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/2/2010	Senate	Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
3/3/2010	Senate	Senate Committee Amendment No. 1 Adopted
3/4/2010	Senate	Do Pass as Amended Pensions and Investments; 008-000-000
3/4/2010	Senate	Placed on Calendar Order of 2nd Reading March 9, 2010
3/4/2010	Senate	Added as Co-Sponsor Sen. Larry K. Bomke
3/10/2010	Senate	Second Reading
3/10/2010	Senate	Placed on Calendar Order of 3rd Reading March 11, 2010
3/11/2010	Senate	Added as Co-Sponsor Sen. Dale A. Righter
3/11/2010	Senate	Added as Co-Sponsor Sen. David Luechtefeld
3/11/2010	Senate	Third Reading - Passed; 057-000-001
3/11/2010	House	Arrived in House
3/12/2010	House	Chief House Sponsor Rep. Naomi D. Jakobsson
3/12/2010	House	Placed on Calendar Order of First Reading
3/12/2010	House	First Reading
3/12/2010	House	Referred to Rules Committee
1/12/2011	Senate	Session Sine Die

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