Illinois House Bill 1570 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 30 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. Merges all Article 4 firefighters' pension funds into a single Downstate Firefighters Pension Fund on January 1, 2021. Creates a Transition Board, which is responsible for planning, overseeing, and administering the consolidation. Authorizes the Transition Board to undertake numerous activities necessary for the consolidation, including making arrangements for staff, investments, transfer of assets and liabilities, acquisition of property, establishment of municipality accounts, and adopting rules and procedures. Authorizes the Transition Board to enter into contracts and to obligate and expend the assets of the Fund. Creates a new Board of Trustees for the Fund, and provides for administration of the Fund by the Transition Board until the new Board assumes its duties on January 1, 2022. Provides for investment of the Fund's assets by a custodian chosen by the Board of Trustees. Makes conforming and other changes. Amends the Property Tax Extension Limitation Law (PTELL) of the Property Tax Code to exclude from the definition of "aggregate extension" special purpose extensions made for contributions to the Downstate Firefighters Pension Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately, except that certain changes to the Illinois Pension Code and PTELL of the Property Tax Code take effect January 1, 2021.

PEN CD-CONSOLIDATE DNST FIRE

Rep. Ryan Spain [R]

Date	Chamber	Action
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-02-21	House	To Pension Reform Subcommittee
2019-02-13	House	Assigned to Personnel & Pensions Committee
2019-02-01	House	Chief Sponsor Changed to Rep. Ryan Spain
2019-02-01	House	Referred to Rules Committee
2019-02-01	House	First Reading
2019-01-30	House	Filed with the Clerk by Rep. Jim Durkin

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.43	New Code	See Bill Text
35	200	18-185	Amended Code	Citation Text
40	5	4-101	Amended Code	Citation Text
40	5	4-101.1	New Code	See Bill Text
40	5	4-101.2	New Code	See Bill Text
40	5	4-102.1	New Code	See Bill Text
40	5	4-103	Amended Code	Citation Text
40	5	4-104.5	New Code	See Bill Text
40	5	4-105	Amended Code	Citation Text
40	5	4-105c	Amended Code	Citation Text
40	5	4-105d	Amended Code	Citation Text
40	5	4-106.5	New Code	See Bill Text
40	5	4-108	Amended Code	Citation Text
40	5	4-118	Amended Code	Citation Text
40	5	4-118.1	Amended Code	Citation Text
40	5	4-121	Amended Code	Citation Text
40	5	4-121.1	New Code	See Bill Text
40	5	4-121.2	New Code	See Bill Text
40	5	4-124	Amended Code	Citation Text
40	5	4-128	Amended Code	Citation Text
40	5	4-129.5	New Code	See Bill Text
40	5	4-130.1	New Code	See Bill Text
40	5	4-130.3	New Code	See Bill Text
40	5	4-130.4	New Code	See Bill Text
40	5	4-130.5	New Code	See Bill Text
40	5	4-134	Amended Code	Citation Text
40	5	7-199.5	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1570&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB1570.htm