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

Statutes Amended In Order of Appearance

40 ILCS 5/16-153.6 new

40 ILCS 5/16-153.7 new

40 ILCS 5/16-203

40 ILCS 5/20-121

from Ch. 108 1/2, par. 20-121

40 ILCS 5/20-123

from Ch. 108 1/2, par. 20-123

40 ILCS 5/20-124

from Ch. 108 1/2, par. 20-124

40 ILCS 5/20-125

from Ch. 108 1/2, par. 20-125

Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Directs the System to establish a self-managed plan. The plan applies only to teachers whose employers adopt the plan, and only to teachers who make an election to participate in the plan. Specifies the terms and contents of the plan and the method of electing to participate. Defines terms. Contains a new benefit increase exception. Makes conforming changes to the Retirement Systems Reciprocal Act (Article 20 of the Code). Effective immediately.

	Pension Note (Government Forecasting & Accountability)
	SURS is the only State-funded Retirement System that currently offers a Self-Managed Plan (SMP) for employees. SURS' actuaries assume a 15% adoption rate amongst participants. An actuarial study would be needed to assess the long-term impact of the implementation of an SMP in TRS.

Actions 

Date	Chamber	Action
2/26/2013	House	Filed with the Clerk by Rep. Thomas Morrison
2/26/2013	House	First Reading
2/26/2013	House	Referred to Rules Committee
3/11/2013	House	Assigned to Personnel and Pensions Committee
3/20/2013	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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