Illinois General Assembly - Bill Status for HB 5546

Bill Status of HB 5546 99th General Assembly

Short Description: PENCD-STATE SYS-TIER 3 PLAN

House Sponsors
Rep. Jeanne M Ives

Last Action View All Actions

Date Chamber Action
  1/10/2017 House Session Sine Die

Statutes Amended In Order of Appearance
5 ILCS 375/3 from Ch. 127, par. 523
5 ILCS 375/10 from Ch. 127, par. 530
40 ILCS 5/1-160
40 ILCS 5/2-105.3 new
40 ILCS 5/2-117 from Ch. 108 1/2, par. 2-117
40 ILCS 5/2-162
40 ILCS 5/2-165.5 new
40 ILCS 5/7-109 from Ch. 108 1/2, par. 7-109
40 ILCS 5/7-114 from Ch. 108 1/2, par. 7-114
40 ILCS 5/7-116 from Ch. 108 1/2, par. 7-116
40 ILCS 5/7-139 from Ch. 108 1/2, par. 7-139
40 ILCS 5/14-103.05 from Ch. 108 1/2, par. 14-103.05
40 ILCS 5/14-103.10 from Ch. 108 1/2, par. 14-103.10
40 ILCS 5/14-103.41 new
40 ILCS 5/14-103.42 new
40 ILCS 5/14-103.43 new
40 ILCS 5/14-104.3 from Ch. 108 1/2, par. 14-104.3
40 ILCS 5/14-106 from Ch. 108 1/2, par. 14-106
40 ILCS 5/14-152.1
40 ILCS 5/14-155.5 new
40 ILCS 5/15-106 from Ch. 108 1/2, par. 15-106
40 ILCS 5/15-108.1
40 ILCS 5/15-108.2
40 ILCS 5/15-108.3 new
40 ILCS 5/15-112 from Ch. 108 1/2, par. 15-112
40 ILCS 5/15-113.4 from Ch. 108 1/2, par. 15-113.4
40 ILCS 5/15-134 from Ch. 108 1/2, par. 15-134
40 ILCS 5/15-198
40 ILCS 5/15-200.5 new
40 ILCS 5/16-106 from Ch. 108 1/2, par. 16-106
40 ILCS 5/16-106.40 new
40 ILCS 5/16-106.41 new
40 ILCS 5/16-106.42 new
40 ILCS 5/16-123 from Ch. 108 1/2, par. 16-123
40 ILCS 5/16-127 from Ch. 108 1/2, par. 16-127
40 ILCS 5/16-152.1 from Ch. 108 1/2, par. 16-152.1
40 ILCS 5/16-203
40 ILCS 5/16-205.5 new
40 ILCS 5/18-110.1 new
40 ILCS 5/18-110.2 new
40 ILCS 5/18-110.3 new
40 ILCS 5/18-120 from Ch. 108 1/2, par. 18-120
40 ILCS 5/18-121.5 new
40 ILCS 5/18-124 from Ch. 108 1/2, par. 18-124
40 ILCS 5/18-125 from Ch. 108 1/2, par. 18-125
40 ILCS 5/18-125.1 from Ch. 108 1/2, par. 18-125.1
40 ILCS 5/18-127 from Ch. 108 1/2, par. 18-127
40 ILCS 5/18-128.01 from Ch. 108 1/2, par. 18-128.01
40 ILCS 5/18-133 from Ch. 108 1/2, par. 18-133
40 ILCS 5/18-169
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
40 ILCS 5/2-165 rep.
40 ILCS 5/2-166 rep.
40 ILCS 5/14-155 rep.
40 ILCS 5/14-156 rep.
40 ILCS 5/15-200 rep.
40 ILCS 5/15-201 rep.
40 ILCS 5/16-205 rep.
40 ILCS 5/16-206 rep.
115 ILCS 5/4 from Ch. 48, par. 1704
115 ILCS 5/10.6 new
115 ILCS 5/17 from Ch. 48, par. 1717

Synopsis As Introduced
Amends the Illinois Pension Code. With respect to the 5 State-funded Retirement Systems: requires each System to prepare and implement a Tier 3 plan by July 1, 2017 that aggregates State and employee contributions in individual participant accounts which are used for payouts after retirement. Provides that a Tier 1 or Tier 2 participant may irrevocably elect to participate in the Tier 3 plan instead of the defined benefit plan and may also elect to terminate all participation in the defined benefit plan and to have a specified amount credited to his or her account under the Tier 3 plan. Makes related changes in the State Employees Group Insurance Act of 1971. In the Downstate Teachers, State Employees, and State Universities Articles, authorizes a person to elect not to participate or to terminate participation in those Systems. In the General Assembly and Judges Articles, authorizes a participant to terminate his or her participation in the System. In the Illinois Municipal Retirement Fund (IMRF), State Employees, State Universities, and Downstate Teachers Articles, for participants who first become participants on or after the effective date, prohibits (i) payments for unused sick or vacation time from being used to calculate pensionable salary and (ii) unused sick or vacation time from being used to establish service credit. Imposes limitations on participation by certain persons. In the Downstate Teachers Article, prohibits an employer from making employee contributions on behalf of an employee, except for the sole purpose of allowing an employee to make pre-tax contributions. Amends the Illinois Educational Labor Relations Act to prohibit collective bargaining over that prohibition. Effective immediately.

Actions
Date Chamber Action
  2/9/2016 House Filed with the Clerk by Rep. Jeanne M Ives
  2/10/2016 House First Reading
  2/10/2016 House Referred to Rules Committee
  1/10/2017 House Session Sine Die

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