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1 | HOUSE JOINT RESOLUTION 65
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2 | WHEREAS, Governor Quinn and members of the General Assembly | ||||||
3 | have proposed changes in the benefits that are offered to | ||||||
4 | public employees who are members of State-funded pension | ||||||
5 | systems; and
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6 | WHEREAS, Seventy-eight percent of all public employees in | ||||||
7 | Illinois do not receive Social Security; and | ||||||
8 | WHEREAS, The retirement benefits provided by the Teachers' | ||||||
9 | Retirement System of the State of Illinois, the State | ||||||
10 | Universities Retirement System, and the State Employees' | ||||||
11 | Retirement System of Illinois are the primary source of | ||||||
12 | retirement security for public employees; and
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13 | WHEREAS, The State of Illinois has a duty to thoroughly | ||||||
14 | discuss and analyze the effects of any changes made to the | ||||||
15 | current systems; therefore, be it
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16 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | ||||||
17 | NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, THE | ||||||
18 | SENATE CONCURRING HEREIN, that there is created the Pension | ||||||
19 | System Modernization Task Force; and be it further
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20 | RESOLVED, That the Task Force shall be charged with the |
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1 | following tasks: | ||||||
2 | (1) analyze the public policy implications of changing | ||||||
3 | pension benefits on the State of Illinois' ability to | ||||||
4 | attract and retain public employees, teachers, and | ||||||
5 | University professionals; and | ||||||
6 | (2) analyze the level of the current pension benefit | ||||||
7 | structure in Illinois as it compares to other states in the | ||||||
8 | geographical region and to other states that have systems | ||||||
9 | that are not coordinated with Social Security; and | ||||||
10 | (3) analyze the level of benefit programs currently | ||||||
11 | being offered in the private sector of our State; and | ||||||
12 | (4) analyze the long-term costs of our current systems, | ||||||
13 | including the expected increase in benefit payments, the | ||||||
14 | effects of continued underperformance in the funds' | ||||||
15 | investment portfolio, and the effects of increasing life | ||||||
16 | expectancies on our State-funded systems; and | ||||||
17 | (5) analyze which pension benefits in Illinois should | ||||||
18 | be modernized; and be it further
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19 | RESOLVED, That the Task Force shall be composed of the | ||||||
20 | following: | ||||||
21 | (1) two legislative members appointed by the Speaker of | ||||||
22 | the House; | ||||||
23 | (2) two legislative members appointed by the President | ||||||
24 | of the Senate; | ||||||
25 | (3) two legislative members appointed by the House |
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1 | Minority Leader; | ||||||
2 | (4) two legislative members appointed by the Senate | ||||||
3 | Minority Leader; | ||||||
4 | (5) two members appointed by the Governor who are | ||||||
5 | statewide education labor union representatives; | ||||||
6 | (6) two members appointed by the Governor who are | ||||||
7 | statewide labor union representatives that do not | ||||||
8 | represent an education labor union; | ||||||
9 | (7) four members appointed by the Governor who | ||||||
10 | represent statewide business organizations, including, but | ||||||
11 | not limited to, the organizations representing local | ||||||
12 | chambers of commerce, manufacturers, retail merchants, and | ||||||
13 | independent businesses; | ||||||
14 | (8) one member appointed by the Governor who shall act | ||||||
15 | as chair; and | ||||||
16 | (9) two members appointed by the Governor, one each | ||||||
17 | from a different statewide organization representing the | ||||||
18 | annuitants; and be it further | ||||||
19 | RESOLVED, That the staff of the Commission on Government | ||||||
20 | Forecasting and Accountability shall be responsible for | ||||||
21 | staffing the Task Force in conjunction with the Illinois | ||||||
22 | pension systems actuaries and staff; and be it further | ||||||
23 | RESOLVED, That the Task Force shall hold hearings on | ||||||
24 | pension modernization, no less than one per month, between June |
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1 | of 2009 and October of 2009; and be it further | ||||||
2 | RESOLVED, That the Task Force shall recommend pension | ||||||
3 | benefit changes to modernize these systems; and be it further | ||||||
4 | RESOLVED, That the Task Force shall report its findings to | ||||||
5 | the General Assembly and the Governor on or before November 1, | ||||||
6 | 2009.
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