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

ILCON Art. XIII, Sec. 5

Synopsis As Introduced
Proposes to amend the General Provisions Article of the Illinois Constitution. Provides that a new benefit increase shall not take effect unless, within 60 calendar days after the effective date of the Public Act creating that new benefit increase, the Auditor General certifies (i) that each State-funded pension or retirement system was at least 90% funded as of the date of the annual actuarial valuation occurring immediately before the effective date of the Public Act creating the new benefit increase and that each system has received any required State contributions that came due between the date of that valuation and the effective date of the Public Act creating the new benefit increase or (ii) that enactment of the new benefit increase is required to maintain a State-funded system's qualified plan status. Defines "new benefit increase" and "State-funded pension or retirement system". Effective upon being declared adopted in accordance with Section 7 of the Illinois Constitutional Amendment Act.

Actions 

Date	Chamber	Action
2/15/2011	Senate	Filed with Secretary
2/15/2011	Senate	Referred to Assignments
3/3/2011	Senate	Assigned to Executive
3/29/2011	Senate	To Executive Subcommittee on Constitutional Amendments
1/8/2013	Senate	Session Sine Die

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