Illinois 94th Regular Session Status: In Committee 1 D cosponsors

SB 3044 — PENCD-FUNDING STATE SYSTEMS

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 94th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Pension Code. In provisions concerning the 5 State-funded retirement systems, deletes language specifying dollar amounts for the State contribution to each System required for FY 2007 and provides that State contributions to the systems for fiscal years 2007 through 2010 shall be increased in equal annual increments from the required State contributions in State fiscal year 2005 until the State is contributing at a rate that will result in the systems being 90% funded. Changes how certain calculations related to the required State contributions are made. Provides that the Board of Trustees of the retirement systems must re-certify, on or before July 1, 2006, the amount of the required State contribution for FY 2007, taking into account the changes made by this amendatory Act. In the State Employee Article of the Illinois Pension Code, provides that increases as a result of certain early retirement incentives shall not be included in the calculation of the required State contribution under that Article, but shall be appropriated separately. Effective immediately.

Bill Text

Action History

  1. Session Sine Die

  2. Added as Co-Sponsor Sen. Pamela J. Althoff

  3. Added as Co-Sponsor Sen. John J. Millner

  4. Added as Co-Sponsor Sen. Christine Radogno

  5. Referred to Rules

  6. First Reading

  7. Co-Sponsor Sen. Bill Brady

  8. Co-Sponsor Sen. Kirk W. Dillard

  9. Co-Sponsor Sen. Cheryl Axley

  10. Co-Sponsor Sen. Dave Syverson

  11. Co-Sponsor Sen. Larry K. Bomke

  12. Co-Sponsor Sen. Wendell E. Jones

  13. Co-Sponsor Sen. Adeline Jay Geo-Karis

  14. Co-Sponsor Sen. William E. Peterson

  15. Chief Co-Sponsor Sen. Gary G. Dahl

  16. Chief Co-Sponsor Sen. Carole Pankau

  17. Chief Co-Sponsor Sen. David Luechtefeld

  18. Chief Co-Sponsor Sen. Frank C. Watson

  19. Filed with Secretary by Sen. John O. Jones

Sponsors

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

Not signed on (182)

182 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does SB 3044 do?
Amends the Illinois Pension Code. In provisions concerning the 5 State-funded retirement systems, deletes language specifying dollar amounts for the State contribution to each System required for FY 2007 and provides that State contributions to the systems for fiscal years 2007 through 2010 shall be increased in equal annual increments from the required State contributions in State fiscal year 2005 until the State is contributing at a rate that will result in the systems being 90% funded. Changes how certain calculations related to the required State contributions are made. Provides that the Board of Trustees of the retirement systems must re-certify, on or before July 1, 2006, the amount of the required State contribution for FY 2007, taking into account the changes made by this amendatory Act. In the State Employee Article of the Illinois Pension Code, provides that increases as a result of certain early retirement incentives shall not be included in the calculation of the required State contribution under that Article, but shall be appropriated separately. Effective immediately.
Who sponsors SB 3044?
SB 3044 is sponsored by Emil Jones, III (Democrat).
What is the current status of SB 3044?
This bill died with 94th Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 3044?
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