Illinois General Assembly - Full Text of HB2502
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Full Text of HB2502  99th General Assembly

HB2502sam001 99TH GENERAL ASSEMBLY

Sen. Martin A. Sandoval

Filed: 5/12/2015

 

 


 

 


 
09900HB2502sam001LRB099 07451 RPS 35469 a

1
AMENDMENT TO HOUSE BILL 2502

2    AMENDMENT NO. ______. Amend House Bill 2502 as follows:
 
3on page 1, by replacing line 5 with the following: "Sections
417-114, 17-132, and 17-149 and by adding Section 142.2 as
5follows:"; and
 
6on page 4, immediately below line 21, by inserting the
7following:
 
8    "(40 ILCS 5/17-142.2 new)
9    Sec. 17-142.2. To convene and provide support for a Health
10Insurance Task Force.
11    (a) There is hereby created the Chicago Teachers' Pension
12Fund Health Insurance Task Force. The Task Force shall consist
13of 11 members appointed as follows:
14        (1) Eight members, 2 of whom shall be appointed by each
15    of the 4 legislative leaders.

 

 

09900HB2502sam001- 2 -LRB099 07451 RPS 35469 a

1        (2) One member, who shall be appointed by the board of
2    trustees of the Fund.
3        (3) One member, who shall be appointed by the executive
4    director of the Retired Teachers Association of Chicago.
5        (3) One member, who shall be appointed by the president
6    of the Chicago Teachers Union.
7    Members of the Task Force shall serve without compensation.
8The Fund shall provide a meeting place and clerical support for
9the Task Force.
10    (b) The Task Force shall study and consider the program of
11health insurance coverage for pensioners that is currently
12administered by the Fund, and shall present its findings and
13recommendations concerning the following specified matters:
14        (1) the need for increasing the $65,000,000 limitation
15    on annual payments under subsection (3) of Section 17-142.1
16    of this Code;
17        (2) moving the administration of the retiree health
18    plan to another appropriate public or private entity;
19        (3) suggestions for an exit strategy and transition;
20        (4) consideration of alternative funding mechanisms;
21    and
22        (5) consideration of the proper role of fiduciaries in
23    administering the health insurance program.
24    (c) The Task Force shall present a final report of its
25findings and recommendations to the Governor, the General
26Assembly, and the Mayor of the City of Chicago no later than

 

 

09900HB2502sam001- 3 -LRB099 07451 RPS 35469 a

1January 31, 2016.
2    (d) This Section is repealed on January 31, 2017.".