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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB3271
Introduced 2/22/2005, by Rep. Tom Cross SYNOPSIS AS INTRODUCED:
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Amends the State Pension Funds Continuing Appropriation Act. Makes a technical change in a Section concerning appropriations from the State Pensions Fund.
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A BILL FOR
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HB3271 |
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LRB094 09240 AMC 39474 b |
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| AN ACT concerning public employee benefits.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The State Pension Funds Continuing |
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| Appropriation Act is amended by changing Section 1 as follows:
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| (40 ILCS 15/1)
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| Sec. 1. Appropriations from State Pensions Fund. For the
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| the purpose of making
up any deficiency in the appropriations |
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| to the designated retirement systems
that are required to be |
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| made under Section 8.12 of the State Finance Act, there
is |
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| hereby appropriated, on a continuing annual basis in each |
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| fiscal year, from
the State Pensions Fund to each designated |
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| retirement system, the amount, if
any, by which the total |
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| appropriation to that system from the State Pensions
Fund for |
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| that fiscal year is less than the amount required to be |
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| appropriated
to that retirement system under Section 8.12 of |
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| the State Finance Act.
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| The annual appropriation under this Section to each |
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| designated retirement
system shall take effect on July 1 for |
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| the State fiscal year beginning on that
date.
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| The amount of any continuing appropriation used by a |
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| retirement system
under this Section for a given fiscal year |
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| shall be charged against the
unexpended amount of any |
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| appropriation to that retirement system for
that fiscal year |
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| under Section 8.12 of the State Finance Act that subsequently
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| becomes available, subject to Section 8.3 of the State Finance |
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| Act.
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| "Designated retirement systems" means the State Employees' |
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| Retirement
System of Illinois, the Teachers' Retirement System |
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| of the State of
Illinois, the State Universities Retirement |
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| System, the Judges Retirement
System of Illinois, and the |
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| General Assembly Retirement System.
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