Illinois 100th Regular Session Status: In Committee

SB 1763 — PEN CD-GARS-TIER 1 ELECTION

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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 General Assembly Article of the Illinois Pension Code. Requires active Tier 1 employees to elect either to (i) have automatic annual increases in retirement annuity and survivor's annuity delayed and reduced or (ii) maintain the current benefit package with additional limitations on pensionable salary. Provides that a Tier 1 employee who elects item (i) is entitled to have future increases in income treated as pensionable income, have contributions reduced to a specified rate, and receive a consideration payment of 10% of contributions made prior to the election. Provides that a Tier 1 employee who elects item (ii) is not eligible to have future increases in income treated as pensionable income. Makes funding changes and requires recertification of State contributions for fiscal years 2018 and 2019. Establishes a voluntary defined contribution plan for certain eligible Tier 1 participants and repeals provisions concerning the defined contribution plan added by Public Act 98-599, which has been held unconstitutional. Makes conforming changes in the Retirement Systems Reciprocal Act (Article 20 of the Code). Restricts participation in the System to persons who became participants before the effective date. Amends the State Pension Funds Continuing Appropriation Act to provide a continuing appropriation for the amounts of the consideration payments. Effective immediately.

Bill Text

Action History

  1. Session Sine Die

  2. Added as Co-Sponsor Sen. Chuck Weaver

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

  4. Added as Co-Sponsor Sen. Chapin Rose

  5. Added as Co-Sponsor Sen. Jil Tracy

  6. Added as Co-Sponsor Sen. Dave Syverson

  7. Added as Co-Sponsor Sen. Dale A. Righter

  8. Added as Co-Sponsor Sen. Dan McConchie

  9. Added as Co-Sponsor Sen. Karen McConnaughay

  10. Added as Co-Sponsor Sen. Jim Oberweis

  11. Added as Co-Sponsor Sen. Tim Bivins

  12. Added as Co-Sponsor Sen. Michael Connelly

  13. Added as Co-Sponsor Sen. Kyle McCarter

  14. Referred to Assignments

  15. First Reading

  16. Co-Sponsor Sen. Dale Fowler

  17. Co-Sponsor Sen. Paul Schimpf

  18. Chief Co-Sponsor Sen. Sue Rezin

  19. Chief Co-Sponsor Sen. Tom Rooney

  20. Chief Co-Sponsor Sen. Neil Anderson

  21. Filed with Secretary by Sen. William E. Brady

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.

Show all 182 →

"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

public-safety finance elections labor
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Frequently asked questions

What does SB 1763 do?
Amends the General Assembly Article of the Illinois Pension Code. Requires active Tier 1 employees to elect either to (i) have automatic annual increases in retirement annuity and survivor's annuity delayed and reduced or (ii) maintain the current benefit package with additional limitations on pensionable salary. Provides that a Tier 1 employee who elects item (i) is entitled to have future increases in income treated as pensionable income, have contributions reduced to a specified rate, and receive a consideration payment of 10% of contributions made prior to the election. Provides that a Tier 1 employee who elects item (ii) is not eligible to have future increases in income treated as pensionable income. Makes funding changes and requires recertification of State contributions for fiscal years 2018 and 2019. Establishes a voluntary defined contribution plan for certain eligible Tier 1 participants and repeals provisions concerning the defined contribution plan added by Public Act 98-599, which has been held unconstitutional. Makes conforming changes in the Retirement Systems Reciprocal Act (Article 20 of the Code). Restricts participation in the System to persons who became participants before the effective date. Amends the State Pension Funds Continuing Appropriation Act to provide a continuing appropriation for the amounts of the consideration payments. Effective immediately.
Who sponsors SB 1763?
SB 1763 is sponsored by William E. Brady.
What is the current status of SB 1763?
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 1763?
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Last checked for changes 3 months ago · updated continuously

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