|
| | HR0795 | | LRB097 18660 EFG 63894 r |
|
|
| 1 | | HOUSE RESOLUTION
|
| 2 | | WHEREAS, The Teachers' Retirement System, the State |
| 3 | | Universities Retirement System, the State Employees' |
| 4 | | Retirement System, the Judges Retirement System, and the |
| 5 | | General Assembly Retirement System were created to provide |
| 6 | | retirement benefits for public employees for their public |
| 7 | | service; and
|
| 8 | | WHEREAS, The five State retirement systems are only a |
| 9 | | combined 43.3% funded, with $83 billion in unfunded liability; |
| 10 | | and
|
| 11 | | WHEREAS, It has recently been reported by the news media |
| 12 | | that private sector employees have been earning pension credit |
| 13 | | in a public sector retirement system for their private sector |
| 14 | | work; and
|
| 15 | | WHEREAS, The General Assembly began addressing the problem |
| 16 | | of private sector employees in public sector retirement systems |
| 17 | | with the passage of Public Act 97-651; and
|
| 18 | | WHEREAS, It is in the public interest to conduct a prudent |
| 19 | | review of all participants in the five State retirement systems |
| 20 | | to ensure that participation is limited to public servants |
| 21 | | working for the public good; therefore, be it
|
|
| | HR0795 | - 2 - | LRB097 18660 EFG 63894 r |
|
|
| 1 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE |
| 2 | | NINETY-SEVENTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that |
| 3 | | the Auditor General shall audit, examine and report on the |
| 4 | | potential for participants in the State retirement systems |
| 5 | | created under Articles 2, 14, 15, 16 and 18 of the Illinois |
| 6 | | Pension Code to earn service credit in a public retirement |
| 7 | | system for time spent at a private employer; and be it further
|
| 8 | | RESOLVED, That the Teachers' Retirement System, the State |
| 9 | | Universities Retirement System, the State Employees' |
| 10 | | Retirement System, the Judges Retirement System, the General |
| 11 | | Assembly Retirement System, and any other entity having |
| 12 | | information relevant to this audit cooperate fully and promptly |
| 13 | | with the Auditor General's Office in the conduct of this audit; |
| 14 | | and be it further
|
| 15 | | RESOLVED, That the Auditor General commence this audit as |
| 16 | | soon as possible and report his findings and recommendations |
| 17 | | upon completion in accordance with the provisions of Section |
| 18 | | 3-14 of the Illinois State Auditing Act; and be it further
|
| 19 | | RESOLVED, That suitable copies of this resolution be |
| 20 | | delivered to the Auditor General and the boards of the |
| 21 | | Teachers' Retirement System, the State Universities Retirement |
| 22 | | System, the State Employees' Retirement System, the Judges |