Illinois General Assembly - Bill Status for SB0014
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 Bill Status of SB0014  93rd General Assembly

Short Description:  PEN CD-GA-MAX 100%-NEW MEMBERS

Senate Sponsors
Sen. John M. Sullivan - Denny Jacobs - Patrick Welch - Chris Lauzen and Kirk W. Dillard

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-119.2 new


Synopsis As Introduced
Amends the General Assembly Article of the Illinois Pension Code. Provides that the total retirement annuity, including any automatic, one-time, or other increases in that annuity, shall not ever exceed 100% of the participant's highest salary for annuity purposes. Applies only to a person who first becomes a participant on or after the effective date. Effective immediately.

 Pension Note (Pension Laws Commission)
 The fiscal impact of SB 14 has not been calculated. As the bill limits the post-retirement annual increases of certain future members and retirees, SB 14 would have a positive fiscal impact over the long term.

 Fiscal Note (State Retirement Systems)
 This bill would generate savings, but because of the constitutional provisions, it would only apply to new participants and savings would be deferred until after fiscal year 2025.

Actions 
DateChamber Action
  1/9/2003SenateFiled with Secretary by Sen. John M. Sullivan
  1/9/2003SenateFirst Reading
  1/9/2003SenateReferred to Rules
  1/27/2003SenatePension Note Filed
  1/29/2003SenateAssigned to Insurance & Pensions
  2/19/2003SenatePostponed - Insurance & Pensions
  3/5/2003SenateTo Subcommittee
  3/10/2003SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan
  3/10/2003SenateSenate Committee Amendment No. 1 Referred to Rules
  3/11/2003SenateSenate Committee Amendment No. 1 Rules Refers to Insurance & Pensions
  3/12/2003SenateAdded as Chief Co-Sponsor Sen. Denny Jacobs
  3/13/2003SenateDo Pass Insurance & Pensions; 010-000-000
  3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003
  3/14/2003SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules
  3/18/2003SenateFiscal Note Requested by Sen. Bill Brady
  3/24/2003SenateFiscal Note Filed
  3/25/2003SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. John M. Sullivan
  3/25/2003SenateSenate Floor Amendment No. 2 Referred to Rules
  4/2/2003SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. John M. Sullivan
  4/2/2003SenateSenate Floor Amendment No. 3 Referred to Rules
  4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
  4/8/2003SenateAdded as Chief Co-Sponsor Sen. Patrick Welch
  4/8/2003SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  4/17/2003SenateAdded as Chief Co-Sponsor Sen. Chris Lauzen
  7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules
  7/1/2003SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
  7/1/2003SenateSenate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
  7/1/2003SenateSenate Floor Amendment No. 3 Tabled Pursuant to Rule 5-4(a)
  1/11/2005SenateSession Sine Die

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