Bill Status of SB 1299   99th General Assembly

Short Description:  PENCD-STATE SYSTEMS-OPT OUT

Senate Sponsors
Sen. Kyle McCarter

Last Action  View All Actions

DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-117from Ch. 108 1/2, par. 2-117
40 ILCS 5/14-103.05from Ch. 108 1/2, par. 14-103.05
40 ILCS 5/15-134from Ch. 108 1/2, par. 15-134
40 ILCS 5/16-123from Ch. 108 1/2, par. 16-123
40 ILCS 5/18-120from Ch. 108 1/2, par. 18-120

Synopsis As Introduced
Amends the Illinois Pension Code. In the General Assembly and Judges Articles, authorizes a participant to terminate his or her participation in those systems. In the Downstate Teachers, State Employees, and State Universities Articles, authorizes a person to elect not to participate or to terminate his or her participation in those systems. In all 5 systems, provides that an active participant terminating participation in the system shall be entitled to a refund of his or her contributions (other than contributions to the defined contribution plan or self-managed plan) plus interest, minus any benefits received prior to terminating participation. Effective immediately.

Actions 
DateChamber Action
  2/18/2015SenateFiled with Secretary by Sen. Kyle McCarter
  2/18/2015SenateFirst Reading
  2/18/2015SenateReferred to Assignments
  2/25/2015SenateAssigned to Executive
  3/5/2015SenateTo Subcommittee on Governmental Operations
  3/27/2015SenateRule 2-10 Committee Deadline Established As April 24, 2015
  4/24/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2015
  5/15/2015SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015
  10/10/2015SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  1/10/2017SenateSession Sine Die

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