Illinois 100th Regular Session Status: In Committee

SB 3444 — PEN CD-ART 3 & 4-CONSOLIDATION

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 100th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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. On January 1, 2021, merges all Article 3 police pension funds into a single Downstate Police Officers Pension Fund and all Article 4 firefighters' pension funds into a single Downstate Firefighters Pension Fund. Creates Transition Boards, which are responsible for planning, overseeing, and administering the consolidation. Authorizes the Transition Boards to undertake numerous activities necessary for the consolidation, including making arrangements for staff, investments, transfer of assets and liabilities, acquisition of property, establishment of municipal accounts, and the adoption of rules and procedures. Authorizes each Transition Board to enter into contracts and to obligate and expend the assets of each Fund. Creates a new Board of Trustees for each Fund, and provides for administration of each Fund by the Transition Board until the new Board assumes its duties on January 1, 2022. Converts the board of trustees of each consolidated pension fund into a pension benefit determination and payment board. Provides for investment of the Funds' assets by custodians chosen by the Boards of Trustees. Makes conforming and other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately, except that certain changes to the Illinois Pension Code take effect January 1, 2021.

Bill Text

Action History

  1. Session Sine Die

  2. Chief Sponsor Changed to Sen. William E. Brady

  3. Rule 3-9(a) / Re-referred to Assignments

  4. Rule 2-10 Committee Deadline Established As April 27, 2018

  5. To Subcommittee on Pension Consolidation

  6. Assigned to Licensed Activities and Pensions

  7. Added as Chief Co-Sponsor Sen. Tom Rooney

  8. Referred to Assignments

  9. First Reading

  10. Filed with Secretary by Sen. Pamela J. Althoff

Sponsors

  • William E. Brady · Cosponsor

Sponsorship breakdown

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

Sponsors (0)

None.

Co-sponsors (1)

  • William E. Brady

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

labor
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Frequently asked questions

What does SB 3444 do?
Amends the Illinois Pension Code. On January 1, 2021, merges all Article 3 police pension funds into a single Downstate Police Officers Pension Fund and all Article 4 firefighters' pension funds into a single Downstate Firefighters Pension Fund. Creates Transition Boards, which are responsible for planning, overseeing, and administering the consolidation. Authorizes the Transition Boards to undertake numerous activities necessary for the consolidation, including making arrangements for staff, investments, transfer of assets and liabilities, acquisition of property, establishment of municipal accounts, and the adoption of rules and procedures. Authorizes each Transition Board to enter into contracts and to obligate and expend the assets of each Fund. Creates a new Board of Trustees for each Fund, and provides for administration of each Fund by the Transition Board until the new Board assumes its duties on January 1, 2022. Converts the board of trustees of each consolidated pension fund into a pension benefit determination and payment board. Provides for investment of the Funds' assets by custodians chosen by the Boards of Trustees. Makes conforming and other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately, except that certain changes to the Illinois Pension Code take effect January 1, 2021.
Who sponsors SB 3444?
SB 3444 is sponsored by William E. Brady.
What is the current status of SB 3444?
This bill died with 100th 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 3444?
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