Illinois General Assembly - Bill Status for HB4585
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB4585  99th General Assembly


Short Description:  PEN CD-SURS-BASIC COMPENSATION

House Sponsors
Rep. Jeanne M Ives

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/15-110from Ch. 108 1/2, par. 15-110


Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Provides that for an employee who becomes a participant on or after the effective date of the amendatory Act, "basic compensation" does not include (1) the value of maintenance, board, living quarters, personal laundry, or other allowances furnished in lieu of salary which are considered gross income under the Internal Revenue Code; (2) certain employee contributions to the System; (3) certain employer contributions to a custodial account; and (4) fringe benefits that an employee elects to receive, in lieu of cash salary or wages, that are not taxable under the Internal Revenue Code. Effective immediately.

Actions 
DateChamber Action
  1/28/2016HouseFiled with the Clerk by Rep. Jeanne M Ives
  1/28/2016HouseFirst Reading
  1/28/2016HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

Back To Top