Illinois General Assembly - Bill Status for HB4100
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 Bill Status of HB4100  102nd General Assembly


Short Description:  PEN CD-COOK COUNTY-FUNDING

House Sponsors
Rep. Kelly M. Burke

Last Action
DateChamber Action
  6/15/2021HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
40 ILCS 5/9-169from Ch. 108 1/2, par. 9-169
40 ILCS 5/10-107from Ch. 108 1/2, par. 10-107
30 ILCS 805/8.45 new


Synopsis As Introduced
Amends the Cook County and Cook County Forest Preserve Articles of the Illinois Pension Code. Specifies the amount of the county's and the forest preserve district's required annual contributions through payment year 2025. Provides that for payment years 2026 through 2063, the county's and forest preserve district's required annual contributions to the Fund shall be the amount determined by the Fund to be equal to the sum of (i) the county's or forest preserve district's portion of the projected normal cost for that fiscal year, plus (ii) an amount determined on a level percentage of applicable employee payroll basis that is sufficient to bring the total actuarial assets of the Fund up to 90% of the total actuarial liabilities of the Fund by the end of 2063. Specifies a formula for payment years after 2063. Provides that, in lieu of levying all or a portion of the required tax in any year, the county or forest preserve district may deposit with the county treasurer for the benefit of the fund an amount that, together with the taxes levied for that year, is not less than the amount of the county's or forest preserve district's contributions for that year as certified by the board of the Fund to the county board or forest preserve district. Provides that the county or forest preserve district may continue to use other lawfully available funds to make the contribution in lieu of all or part of the levy. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement by the State.

Actions 
DateChamber Action
  6/15/2021HouseFiled with the Clerk by Rep. Kelly M. Burke
  6/15/2021HouseFirst Reading
  6/15/2021HouseReferred to Rules Committee

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