Synopsis As Introduced Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. In a provision concerning service credit for accumulated unused sick leave, provides that if the employee was in the service of more than one employer or regional office of education (instead of more than one employer), then sick leave days from all such employers shall be credited. Amends the School Code. Provides that beginning July 1, 2023, all regional superintendents of schools shall receive the same salary regardless of the population of the region they serve. Provides that the salary for all regional superintendents shall be equal to the middle annual salary tier. Makes a change concerning the posting of information on the institute fund. Repeals a provision of the Code that prohibits regional superintendents from practicing or from holding themselves out as practicing any other profession. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
The fiscal impact of SB 1924 is not known, as the number of employees of regional offices of education who would receive pensionable service credit for unused, unpaid sick leave from multiple employers is not known. To the extent that service credit up to one year would be provided for employees who would have previously not been eligible to combine sick leave credit from multiple employers, there would be a slight negative impact to the IMRF employer that would assume the liability associated with the additional service credit being granted.
State Debt Impact Note (Government Forecasting & Accountability)
SB 1924 would not change the amount of authorization for any type of State-issued bond, and, therefore, would not affect the level of State indebtedness.
Fiscal Note (IL State Board of Education)
The estimated fiscal impact of SB 1924 is approximately $100,000 in fiscal year 2024 as a result of the change to the regional superintendent's salaries. The Illinois State Board of Education recommended $12.1 million appropriation from the Personal Property Tax Replacement Fund (PPTRF) in fiscal year 2024 for all regional and assistant superintendent's salaries. If SB 1924 were to become law, the fiscal year 2024 appropriation from PPTRF would need to be increased by $100,000 to $12.2 million in order to fully pay all regional and assistant superintendent's salaries.
SB 1924 also amends the Illinois Pension Code to make changes to the calculation of service credit for accumulated unused sick leave. The State Board of Education cannot determine the fiscal impact to the state for the proposed changes to the Illinois Pension Code. The State Board of Education recommends the sponsors consult with IMRF and TRS regarding fiscal impact to the State regarding the proposed amendments to the Illinois Pension Code.
Balanced Budget Note (Office of Management and Budget)
Please be advised that the Balanced Budget Note Act does not apply to Senate Bill 1924, as it is not a supplemental appropriation that increases or decreases appropriations. Under the Act, a balanced budget note must be prepared only for bills that change a general funds appropriation for the fiscal year in which the new bill is enacted.