IL HB0149 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 7-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Pension Code. Requires current participants in the State-funded pension and retirement systems to make a one-time, irrevocable election of one of the following: (i) the traditional benefit package under the applicable Article of the Pension Code, (ii) the existing benefit package for new hires, or (iii) a self-managed plan (if made available by the participant's employer). Authorizes persons who became or become participants on or after January 1, 2011 to irrevocably elect either: (i) the benefit package for new hires or (ii) the self-managed plan (if made available by the participant's employer). Sets forth the requirements for the self-managed plan and provides that if such a plan is available it is the default plan if a participant fails to make an election. In the Articles creating the State-funded pension and retirement systems, provides: (i) that, beginning in fiscal year 2013, the State's required contribution is the greater of 6% of the applicable employee payroll or one-half of the actuarially-determined normal cost of the benefit package for new hires and (ii) that the required employee contribution will be based on the benefit package elected by the participant. Amends the Illinois Public Labor Relations Act to provide that the changes made by the amendatory Act control when there is a conflict with the Illinois Public Labor Relations Act.

Tracking Information

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Title

PEN CD-ELECTION OF BENEFITS

Sponsors


History

DateChamberAction
2013-01-08HouseSession Sine Die
2011-05-25HouseRemoved Co-Sponsor Rep. Michael W. Tryon
2011-03-17HouseRule 19(a) / Re-referred to Rules Committee
2011-02-17HouseAdded Co-Sponsor Rep. David R. Leitch
2011-02-09HouseAdded Co-Sponsor Rep. Michael W. Tryon
2011-02-09HouseAdded Co-Sponsor Rep. David Harris
2011-02-08HouseAssigned to Personnel and Pensions Committee
2011-01-18HouseReferred to Rules Committee
2011-01-18HouseFirst Reading
2011-01-18HouseAdded Co-Sponsor Rep. Chris Nybo
2011-01-13HouseChief Co-Sponsor Rep. Sandra M. Pihos
2011-01-13HouseChief Co-Sponsor Rep. Darlene J. Senger
2011-01-13HouseChief Co-Sponsor Rep. Dave Winters
2011-01-13HouseFiled with the Clerk by Rep. Tom Cross

Code Citations

ChapterArticleSectionCitation TypeStatute Text
4051-161New CodeSee Bill Text
4051-162New CodeSee Bill Text
4051-163New CodeSee Bill Text
40514-131Amended CodeCitation Text
40514-133Amended CodeCitation Text
40515-155Amended CodeCitation Text
40515-157Amended CodeCitation Text
40516-152Amended CodeCitation Text
40516-158Amended CodeCitation Text
40518-131Amended CodeCitation Text
40518-133Amended CodeCitation Text
4052-124Amended CodeCitation Text
4052-126Amended CodeCitation Text
531515Amended CodeCitation Text

Illinois State Sources


Bill Comments

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