SB 2011 — PEN CD-ART 3 & 4-FINANCING
Last action — Session Sine Die
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✓Introduced
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✓In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill died with 96th Regular Session. It reached “Passed Senate” 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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 Downstate Police Article of the Illinois Pension Code. Provides that if a pension fund has a reserve of less than the accrued liabilities of the fund, the board of the pension fund, in making its annual report to the city council or board of trustees of the municipality, shall designate the amount, calculated as a level percentage of payroll, needed annually to insure the accumulation of the reserve to the level of the fund's accrued liabilities over a period of 40 years from July 1, 2009 (was, from July 1, 1993). Amends the Downstate Fire Article of the Illinois Pension Code. In provisions concerning financing of funds through taxes, provides that the annual actuarial requirements of the pension fund are equal to (1) the normal cost of the pension fund, or 17.5% of the salaries and wages to be paid to firefighters for the year involved, whichever is greater, plus (2) the annual amount necessary to amortize the fund's unfunded accrued liabilities over a period of 40 years from July 1, 2009 (was, from July 1, 1993). Effective immediately.
Bill Text
What changed in the latest version
4 added · 33 removedPlain-language change summary
The updated version of SB 2011 has changed the starting date for measuring pension funding requirements from July 1, 1993, to July 1, 2009. This adjustment means that pension funds will now assess their reserve needs based on more recent financial conditions, which could lead to a more accurate reflection of their funding status over the next 40 years. This change is significant as it may help ensure that pension funds are better equipped to meet their future obligations to employees and retirees.
*LRB09608397AMC18509b* SB2011 96THEngrossed GENERALLRB096 ASSEMBLY08397 StateAMC of18509 Illinoisb andAN 2010ACT SB2011concerning Introducedpublic 2/20/2009,employee bybenefits. Sen.
Pamela J.
Althoff SYNOPSIS AS INTRODUCED:
ILCS 5/3-127 from Ch.
108 1/2, par.
3-127 ILCS 5/4-118 from Ch.
108 1/2, par.
4-118 Amends the Downstate Police Article of the Illinois Pension Code.
Provides that if a pension fund has a reserve of less than the accrued liabilities of the fund, the board of the pension fund, in making its annual report to the city council or board of trustees of the municipality, shall designate the amount, calculated as a level percentage of payroll, needed annually to insure the accumulation of the reserve to the level of the fund's accrued liabilities over a period of 40 years from July 1, 2009 (was, from July 1, 1993).
Amends the Downstate Fire Article of the Illinois provides that the annual actuarial requirements of the pension fund are, equal to (1) the normal cost of the pension fund, or 17.5% of the salaries and wages to be paid to firefighters for the year involved, whichever is greater, plus (2) the annual amount necessary to amortize the fund's unfunded accrued liabilities over a period of 40 years from July 1, 2009 (was, from July 1, 1993).
Effective immediately.
LRB096 08397 AMC 18509 b PENSION IMPACT NOTE ACT MAY APPLY A BILL FOR SB2011 LRB096 08397 AMC 18509 b AN ACT concerning public employee benefits.
SB2011 Engrossed - 2 - LRB096 08397 AMC 18509 b (Source:
The amount to be applied towards the amortization of the unfunded accrued liability in any year shall not be less than the annual amount required to amortize the unfunded accrued liability, including SB2011 Engrossed - 3 - LRB096 08397 AMC 18509 b interest, as a level percentage of payroll over the number of years remaining in the 40 year amortization period.
(3) all rewards in money, fees, gifts, and emoluments that may be paid or given for or on account of SB2011 Engrossed - 4 - LRB096 08397 AMC 18509 b extraordinary service by the fire department or any member thereof, except when allowed to be retained by competitive awards;
Action History
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Session Sine Die
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Rule 19(b) / Re-referred to Rules Committee
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Assigned to Personnel and Pensions Committee
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Final Action Deadline Extended-9(b) November 30, 2009
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Added Alternate Co-Sponsor Rep. Karen May
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Rule 19(a) / Re-referred to Rules Committee
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Final Action Deadline Extended-9(b) May 31, 2009
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Final Action Deadline Extended-9(b) May 29, 2009
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Added Alternate Chief Co-Sponsor Rep. Elaine Nekritz
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Committee/Final Action Deadline Extended-9(b) May 22, 2009
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Assigned to Executive Committee
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Added Alternate Chief Co-Sponsor Rep. Kathleen A. Ryg
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Referred to Rules Committee
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First Reading
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Chief House Sponsor Rep. Angelo Saviano
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Placed on Calendar Order of First Reading
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Arrived in House
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Third Reading - Passed; 048-008-001
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Placed on Calendar Order of 3rd Reading March 25, 2009
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Second Reading
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Placed on Calendar Order of 2nd Reading March 17, 2009
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Do Pass Pensions and Investments; 007-000-002
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Added as Chief Co-Sponsor Sen. Susan Garrett
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Assigned to Pensions and Investments
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Pamela J. Althoff
Sponsors
- Pamela J. Althoff · Cosponsor
- Karen May · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 2 co-sponsors · 181 not signed on · 3 voted No
Sponsors (0)
None.
Co-sponsors (2)
- Pamela J. Althoff
- Karen May
Not signed on (181)
181 members have not signed on to this bill.
Show all 181 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democrat | 6 | 2 | 0 | 1 |
| Unaffiliated | 42 | 5 | 0 | 2 |
| Republican | 0 | 1 | 0 | 0 |
| Total | 48 | 8 | 0 | 3 |
| % of votes cast | 81% | 14% | 0% | 5% |
How each member voted (59)
| Member | Party | Vote |
|---|---|---|
| Hendon | — | Yea |
| Kotowski | — | Yea |
| Maloney | — | Yea |
| McCarter | — | Yea |
| Meeks | — | Yea |
| Millner | — | Nay |
| Noland | — | Yea |
| Demuzio | — | Yea |
| Jacobs | — | Yea |
| Schoenberg | — | Yea |
| Silverstein | — | Yea |
| Steans | — | Yea |
| Munoz | — | Yea |
| Trotter | — | Yea |
| Brady | — | Yea |
| Sullivan | — | Yea |
| Viverito | — | Yea |
| Wilhelmi | — | Yea |
| Cullerton | — | Yea |
| Clayborne | — | Yea |
| Cronin | — | Yea |
| Crotty | — | Yea |
| DeLeo | — | Yea |
| Dillard | — | Yea |
| Duffy | — | Yea |
| Forby | — | Yea |
| Frerichs | — | Nay |
| Haine | — | Yea |
| Hultgren | — | Yea |
| Hutchinson | — | Yea |
| Jones, J. | — | Not Voting |
| Dahl | — | Nay |
| Pankau | — | Yea |
| Radogno | — | Yea |
| Raoul | — | Yea |
| Righter | — | Not Voting |
| Risinger | — | Yea |
| Rutherford | — | Yea |
| Sandoval | — | Yea |
| Lauzen | — | Yea |
| Link | — | Yea |
| Luechtefeld | — | Yea |
| Althoff | — | Yea |
| Martinez | — | Yea |
| Bivins | — | Yea |
| Bomke | — | Nay |
| Bond | — | Yea |
| Burzynski | — | Nay |
| Garrett | — | Yea |
| David Koehler | Democrat | Nay |
| Don Harmon | Democrat | Yea |
| Emil Jones, III | Democrat | Yea |
| Eva-Dina Delgado | Democrat | Not Voting |
| Kimberly A. Lightford | Democrat | Nay |
| Lakesia Collins | Democrat | Yea |
| Laura M. Murphy | Democrat | Yea |
| Linda Holmes | Democrat | Yea |
| Mattie Hunter | Democrat | Yea |
| Dave Syverson | Republican | Nay |
Subjects
Frequently asked questions
- What does SB 2011 do?
- Amends the Downstate Police Article of the Illinois Pension Code. Provides that if a pension fund has a reserve of less than the accrued liabilities of the fund, the board of the pension fund, in making its annual report to the city council or board of trustees of the municipality, shall designate the amount, calculated as a level percentage of payroll, needed annually to insure the accumulation of the reserve to the level of the fund's accrued liabilities over a period of 40 years from July 1, 2009 (was, from July 1, 1993). Amends the Downstate Fire Article of the Illinois Pension Code. In provisions concerning financing of funds through taxes, provides that the annual actuarial requirements of the pension fund are equal to (1) the normal cost of the pension fund, or 17.5% of the salaries and wages to be paid to firefighters for the year involved, whichever is greater, plus (2) the annual amount necessary to amortize the fund's unfunded accrued liabilities over a period of 40 years from July 1, 2009 (was, from July 1, 1993). Effective immediately.
- Who sponsors SB 2011?
- SB 2011 is sponsored by Pamela J. Althoff and Karen May.
- What is the current status of SB 2011?
- This bill died with 96th Regular Session. It reached “Passed Senate” 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 2011?
- Track SB 2011 free on One Click Politics — get push/email alerts when it moves.
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