Illinois General Assembly - Bill Status for HB1379

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Bill Status of HB1379 99th General Assembly

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Short Description: PEN CD-CHI FIRE-GAMING FUNDS

House Sponsors
Rep. Brandon W. Phelps

Last Action

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

Statutes Amended In Order of Appearance

40 ILCS 5/5-168

from Ch. 108 1/2, par. 5-168

40 ILCS 5/6-165

from Ch. 108 1/2, par. 6-165

30 ILCS 805/8.39 new

Synopsis As Introduced
Amends the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. Provides that the city shall deposit with the city treasurer, for the benefit of each of those funds, a minimum of 20% of all proceeds collected by the city from newly established gaming revenue sources arising out of legislation enacted in 2013 or thereafter. These deposits shall continue until the stabilization of the fund has been deemed to have occurred by an independent actuarial organization mutually agreed upon by the city and employee representatives. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/4/2015	House	Filed with the Clerk by Rep. Brandon W. Phelps
2/6/2015	House	First Reading
2/6/2015	House	Referred to Rules Committee
1/10/2017	House	Session Sine Die

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