Illinois General Assembly - Bill Status for SB4000
Illinois General Assembly

Previous General Assemblies

 Bill Status of SB4000  102nd General Assembly


Short Description:  PENCD-DWNST POL&FIRE-FINANCING

Senate Sponsors
Sen. Cristina Castro

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

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 805/8.44 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
  1/4/2021SenateFiled with Secretary by Sen. Cristina Castro
  1/4/2021SenateFirst Reading
  1/4/2021SenateReferred to Assignments
  1/13/2021SenateSession Sine Die

Back To Top