Illinois General Assembly - Bill Status for HB1357
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 Bill Status of HB1357  104th General Assembly


Short Description:  PENCD-DWNST POL&FIRE-FINANCING

House Sponsors
Rep. Laura Faver Dias

Hearings
Personnel & Pensions Committee Hearing Feb 20 2025 10:00AM Capitol Building Room 122B Springfield, IL


Last Action
DateChamber Action
  2/11/2025HouseAssigned to Personnel & Pensions Committee

Statutes Amended In Order of Appearance
40 ILCS 5/3-125from Ch. 108 1/2, par. 3-125
40 ILCS 5/4-118from Ch. 108 1/2, par. 4-118
30 ILCS 805/8.49 new


Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/14/2025HouseFiled with the Clerk by Rep. Laura Faver Dias
  1/28/2025HouseFirst Reading
  1/28/2025HouseReferred to Rules Committee
  2/11/2025HouseAssigned to Personnel & Pensions Committee

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