103RD GENERAL ASSEMBLY

 

State of Illinois

 

2023 and 2024   

SB3820

 

Introduced 2/28/2024,  by Sen. Elgie R. Sims, Jr.

 

SYNOPSIS AS INTRODUCED:

 

Makes appropriations for the ordinary and contingent expenses of the State Employees' Retirement System, Judges Retirement System and General Assembly Retirement System for the fiscal year beginning July 1, 2024, as follows:

 

General Funds                    $1,933,241,220

 

 

SDS103 00076 NBW 45076 b

 

 

 

 

 

  $SERSOCE

 

 

 


    AN ACT concerning appropriations.

 

        Be it enacted by the People of the State of Illinois, represented in the General Assembly:

 

ARTICLE 1

 

    Section 5.  The following named amounts, or so much thereof as may be necessary, respectively, are appropriated from the General Revenue Fund for the objects and purposes hereinafter named to meet the ordinary and contingent expenses of the State Employees' Retirement System:

SOCIAL SECURITY DIVISION

  For Operational Expenses........................... 27,400

CENTRAL OFFICE

  For Employee Retirement Contributions

   Paid by Employer for Prior Fiscal Years............ 10,000

 

ARTICLE 2

 

    Section 5.  The sum of $1,758,104,820, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the Board of Trustees of the State Employees’ Retirement System of Illinois for the State's contribution, as provided by law.

 

  Section 10.  The sum of $148,889,000, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the Board of Trustees of the Judges Retirement System of Illinois for the State's contribution, as provided by law.

 

    Section 15.  The sum of $26,210,000, or so much thereof as may be necessary, is appropriated from the General Revenue Fund to the Board of Trustees of the General Assembly Retirement System for the State's contribution, as provided by law.

 

Section 99. Effective date. This Act takes effect July 1, 2024.