Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/9-169

from Ch. 108 1/2, par. 9-169

40 ILCS 5/10-107

from Ch. 108 1/2, par. 10-107

30 ILCS 805/8.36 new

Synopsis As Introduced
Amends the Illinois Pension Code. In the Cook County and Cook County Forest Preserve Articles, increases the multiplier used to calculate the maximum tax levy for the years 2014 through 2020. Beginning in 2021, provides for an annual tax levy based on (1) the employer's normal cost of the pension fund, plus (2) the annual amount necessary to amortize the fund's unfunded accrued liabilities over a period of 30 years from the effective date of the evaluation. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 

Date	Chamber	Action
2/7/2012	Senate	Filed with Secretary by Sen. Mike Jacobs
2/7/2012	Senate	First Reading
2/7/2012	Senate	Referred to Assignments
2/17/2012	Senate	Assigned to Pensions and Investments
2/24/2012	Senate	To Pensions & Investments Subcommittee on Pension Reforms
3/9/2012	Senate	Rule 2-10 Committee Deadline Established As March 30, 2012
3/30/2012	Senate	Rule 3-9(a) / Re-referred to Assignments
1/8/2013	Senate	Session Sine Die

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