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| | 98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB5818 Introduced , by Rep. Darlene J. Senger SYNOPSIS AS INTRODUCED:
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| 40 ILCS 5/15-155.1 new | | 40 ILCS 5/16-157.1 new | |
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Amends the State Universities and Downstate Teacher Articles of the Illinois Pension Code. Provides that any new provision that shifts costs under either of those Articles from the State to the actual employer may not take effect until the cost shift has been approved by the affected voters at referendum. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB5818 | | LRB098 17791 EFG 52913 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Sections 15-155.1 and 16-157.1 as follows:
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| 6 | | (40 ILCS 5/15-155.1 new) |
| 7 | | Sec. 15-155.1. Cost-shift referendum. A new provision that |
| 8 | | shifts costs under this Article from the State to the actual |
| 9 | | employer may not take effect until the cost shift has been |
| 10 | | approved by the affected voters at referendum.
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| 11 | | (40 ILCS 5/16-157.1 new) |
| 12 | | Sec. 16-157.1. Cost-shift referendum. A new provision that |
| 13 | | shifts costs under this Article from the State to the actual |
| 14 | | employer may not take effect until the cost shift has been |
| 15 | | approved by the affected voters at referendum.
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| 16 | | Section 99. Effective date. This Act takes effect upon |
| 17 | | becoming law.
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