Bill Status of HB 5754   97th General Assembly

Short Description:  PEN CD-SELF-MANAGED PLANS

House Sponsors
Rep. Mike Fortner-Randy Ramey, Jr.-Michael W. Tryon-Sandy Cole, Sandra M. Pihos, Chris Nybo and David Harris

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-103.1 new
40 ILCS 5/2-103.2 new
40 ILCS 5/2-108.2 new
40 ILCS 5/2-126from Ch. 108 1/2, par. 2-126
40 ILCS 5/2-126.2 new
40 ILCS 5/2-134.1 new
40 ILCS 5/14-103.12a new
40 ILCS 5/14-103.40 new
40 ILCS 5/14-103.41 new
40 ILCS 5/14-133from Ch. 108 1/2, par. 14-133
40 ILCS 5/14-133.2 new
40 ILCS 5/14-135.08a new
40 ILCS 5/15-112.1 new
40 ILCS 5/15-157from Ch. 108 1/2, par. 15-157
40 ILCS 5/15-158.2
40 ILCS 5/15-165.1 new
40 ILCS 5/16-121.1 new
40 ILCS 5/16-122.2 new
40 ILCS 5/16-122.3 new
40 ILCS 5/16-152from Ch. 108 1/2, par. 16-152
40 ILCS 5/16-158.2 new
40 ILCS 5/16-181.4 new
40 ILCS 5/18-111.1 new
40 ILCS 5/18-118.1 new
40 ILCS 5/18-118.2 new
40 ILCS 5/18-133from Ch. 108 1/2, par. 18-133
40 ILCS 5/18-133.2 new
40 ILCS 5/18-140.1 new
30 ILCS 805/8.36 new

Synopsis As Introduced
Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Requires each retirement system that does not already have a self-managed plan to establish and maintain one. Authorizes participants to irrevocably elect to participate in the self-managed plan. Provides that, for the purpose of calculating traditional benefit package benefits and contributions, the annual salary of a participant may not, except under certain circumstances, exceed the greater of (i) the annual salary cap for new hires or (ii) the annual salary of the participant during the 365 days immediately before the effective date of the amendatory Act. Requires participation in the self-managed plan to the extent that a participant's salary exceeds the salary cap. Revises the schedule of contributions for participants. Shifts a portion of the employer contributions for downstate teachers and university employees from the State to the actual employer. Authorizes the Boards of Trustees of each system to triennially recalculate the normal cost of benefit plans offered by the systems. Defines "traditional benefit package" and "self-managed plan". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/16/2012HouseFiled with the Clerk by Rep. Mike Fortner
  2/16/2012HouseFirst Reading
  2/16/2012HouseReferred to Rules Committee
  2/21/2012HouseAdded Chief Co-Sponsor Rep. Randy Ramey, Jr.
  2/27/2012HouseAssigned to Personnel and Pensions Committee
  3/9/2012HouseAdded Co-Sponsor Rep. Sandra M. Pihos
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  5/30/2012HouseAdded Chief Co-Sponsor Rep. Michael W. Tryon
  7/30/2012HouseAdded Co-Sponsor Rep. Sandy Cole
  7/30/2012HouseAdded Chief Co-Sponsor Rep. Sandy Cole
  7/30/2012HouseRemoved Co-Sponsor Rep. Sandy Cole
  12/5/2012HouseAdded Co-Sponsor Rep. Chris Nybo
  12/5/2012HouseAdded Co-Sponsor Rep. David Harris
  1/8/2013HouseSession Sine Die

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