Illinois General Assembly - Bill Status for HB 2725

Bill Status of HB 2725 98th General Assembly

Short Description: PENCD-STATE SYSTEMS-COLA

House Sponsors
Rep. Robert Rita

Last Action View All Actions

Date Chamber Action
  12/3/2014 House Session Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-107.1 new
40 ILCS 5/2-107.2 new
40 ILCS 5/2-119.1 from Ch. 108 1/2, par. 2-119.1
40 ILCS 5/2-121.1 from Ch. 108 1/2, par. 2-121.1
40 ILCS 5/14-103.40 new
40 ILCS 5/14-103.41 new
40 ILCS 5/14-114 from Ch. 108 1/2, par. 14-114
40 ILCS 5/14-119 from Ch. 108 1/2, par. 14-119
40 ILCS 5/14-121 from Ch. 108 1/2, par. 14-121
40 ILCS 5/14-125.1 from Ch. 108 1/2, par. 14-125.1
40 ILCS 5/15-107.1 new
40 ILCS 5/15-107.2 new
40 ILCS 5/15-136 from Ch. 108 1/2, par. 15-136
40 ILCS 5/15-145 from Ch. 108 1/2, par. 15-145
40 ILCS 5/15-153.3 from Ch. 108 1/2, par. 15-153.3
40 ILCS 5/16-106.4 new
40 ILCS 5/16-106.5 new
40 ILCS 5/16-133.1 from Ch. 108 1/2, par. 16-133.1
40 ILCS 5/16-136.1 from Ch. 108 1/2, par. 16-136.1
40 ILCS 5/16-143.1 from Ch. 108 1/2, par. 16-143.1
40 ILCS 5/16-149.5 from Ch. 108 1/2, par. 16-149.5
40 ILCS 5/18-110.1 new
40 ILCS 5/18-110.2 new
40 ILCS 5/18-125.1 from Ch. 108 1/2, par. 18-125.1
40 ILCS 5/18-128.01 from Ch. 108 1/2, par. 18-128.01

Synopsis As Introduced
Amends the General Assembly, State Employee, State Universities, Downstate Teacher, and Judges Articles of the Illinois Pension Code. For Tier 1 employees and their survivors, and for Tier 2 participants in the General Assembly and Judges Retirement Systems and their survivors, imposes a reduction in automatic annual increases in retirement, survivor, and disability annuities. Effective immediately.

Pension Note (Government Forecasting & Accountability)
The Commission's actuary conducted a cost study last year that examined the impact of applying the Tier 2 COLA to Tier 1 employees in TRS. This cost study showed a cumulative savings of $28.5 billion for TRS through FY 2045.

Actions
Date Chamber Action
  2/21/2013 House Filed with the Clerk by Rep. Robert Rita
  2/21/2013 House First Reading
  2/21/2013 House Referred to Rules Committee
  3/4/2013 House Assigned to Personnel and Pensions Committee
  3/13/2013 House Pension Note Filed
  3/22/2013 House Rule 19(a) / Re-referred to Rules Committee
  12/3/2014 House Session Sine Die

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	Pension Note (Government Forecasting & Accountability)
	The Commission's actuary conducted a cost study last year that examined the impact of applying the Tier 2 COLA to Tier 1 employees in TRS. This cost study showed a cumulative savings of $28.5 billion for TRS through FY 2045.

Date	Chamber	Action
2/21/2013	House	Filed with the Clerk by Rep. Robert Rita
2/21/2013	House	First Reading
2/21/2013	House	Referred to Rules Committee
3/4/2013	House	Assigned to Personnel and Pensions Committee
3/13/2013	House	Pension Note Filed
3/22/2013	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die