This does not affect Fire and Police.
40 ILCS 5/1-101 from Ch. 108 1/2, par. 1-101,
Synopsis As Introduced
Amends the Illinois Pension Code. Makes a technical change in a Section concerning the short title of the Code.
- Land Conveyance Appraisal Note, House Floor Amendment No. 1 (Dept. of Transportation)
No land conveyances are included in this bill; therefore, there are no appraisals to be filed. - Judicial Note, House Floor Amendment No. 1 (Admin Office of the Illinois Courts)
This bill would neither increase nor decrease the number of judges needed in the State. - Correctional Note, House Floor Amendment No. 1 (Dept of Corrections)
- There are no penalty enhancements associated with this legislation. The bill would have no fiscal or population impact on the Department of Corrections.
- State Debt Impact Note, House Floor Amendment No. 1 (Government Forecasting & Accountability)
- This legislation would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness.
- Home Rule Note, House Floor Amendment No. 1 (Dept. of Commerce & Economic Opportunity)
- This amendment does not pre-empt home rule authority.
- State Mandates Fiscal Note, House Floor Amendment No. 1 (Dept. of Commerce & Economic Opportunity)
- This amendment does not create a State mandate.
Pension Note, House Floor Amendment No. 1 (Government Forecasting & Accountability)
The Commission’s actuary had previously performed a cost study on applying the Tier 2 retirement age to Tier 1 active employees. The actuary estimated that making this change would reduce State contributions to the four systems by an estimated $81.6 billion through FY 2045. The table below shows a detailed breakout of the contribution savings by system: Retirement System Savings Through FY 2045; (1) TRS $61,491,900,000; (2) SURS $10,041,200,000; (3) SERS $10,001,000,000; (4) GARS $95,400,000; Total All Systems $81,629,500,000. The fiscal impact of eliminating the Early Retirement Option (ERO) in TRS has not been calculated; however under P.A. 94-0004, the ERO is slated to sunset on June 30th of this year unless renewed by the General Assembly in accordance with CGFA’s actuarial recommendations. On January 10, 2013, the Commission on Government Forecasting and Accountability recommended that member ERO contributions be adjusted upwards to 14.4% (currently 11.5%) and that school district ERO contributions be adjusted upwards to 29.3% (currently 23.5%). These revised contribution rates were developed by TRS’ actuary, Buck Consultants, and were reviewed by the Commission’s actuary and found to be sufficient to fund 100% of the ERO benefit.
Balanced Budget Note, House Floor Amendment No. 1 (Office of Management and Budget)
This Bill does not require the affected retirement systems to re-certify the required State contributions during Fiscal Years 2013 or 2014, thus there is no immediate impact on the State budget. Savings resulting from HB 1165 (H-AM 1) would not be realized until Fiscal Year 2015.
Fiscal Note, House Floor Amendment No. 1 (Government Forecasting & Accountability)
HB 1165 (H-AM 1), would not have a budgetary impact on the Commission on Government Forecasting and Accountability unless additional actuarial work is requested.
Housing Affordability Impact Note, House Floor Amendment No. 1 (Housing Development Authority)
This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence.
House Floor Amendment No. 5
Deletes reference to:
40 ILCS 5/1-101
Adds reference to:
New Act
30 ILCS 805/8.37 new
Amends the Illinois Pension Code. For the General Assembly, State Employees, State Universities, and Downstate Teacher retirement systems, provides that, for a Tier I retiree, (i) the amount of each automatic annual increase in retirement annuity occurring on or after the effective date of this amendatory Act shall be the lesser of $750 ($600 if the annuity is based primarily upon service as a covered employee) or 3% of the total annuity payable at the time of the increase, including previous increases granted, and (ii) the monthly retirement annuity shall first be subject to annual increases on the January 1 occurring on or next after the attainment of age 67 or the January 1 occurring on or next after the fifth anniversary of the annuity start date, whichever occurs earlier. Defines terms.
| Balanced Budget Note, House Floor Amendment No. 5 (Office of Management and Budget) | |
| HB 1165 (H-AM 5) is a vehicle bill, which has no impact on the State budget. |
| Balanced Budget Note, House Floor Amendment No. 6 (Office of Management and Budget) | |
| This Bill does not require the affected retirement systems to re-certify the required State contributions during Fiscal Years 2013 or 2014, thus there is no immediate impact on the State budget. Savings resulting from HB 1165 (H-AM 6) would not be realized until Fiscal Year 2015. |
| Correctional Note, House Floor Amendment No. 5 (Dept of Corrections) | |
| There are no penalty enhancements associated with this legislation. The bill would have no fiscal or population impact on the Department of Corrections. |
| Correctional Note, House Floor Amendment No. 6 (Dept of Corrections) | |
| There are no penalty enhancements associated with this legislation. The bill would have no fiscal or population impact on the Department of Corrections. |
| Judicial Note, House Floor Amendment No. 5 (Admin Office of the Illinois Courts) | |
| This bill would neither increase nor decrease the number of judges needed in the State. |
| Judicial Note, House Floor Amendment No. 6 (Admin Office of the Illinois Courts) | |
| This bill would neither increase nor decrease the number of judges needed in the State. |
| Housing Affordability Impact Note, House Floor Amendment No. 5 (Housing Development Authority) | |
| This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. |
| Housing Affordability Impact Note, House Floor Amendment No. 6 (Housing Development Authority) | |
| This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. |
| State Debt Impact Note, House Floor Amendment No. 5 (Government Forecasting & Accountability) | |
| This legislation would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. |
| State Debt Impact Note, House Floor Amendment No. 6 (Government Forecasting & Accountability) | |
| This legislation would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. |
| Home Rule Note, House Floor Amendment No. 5 (Dept. of Commerce & Economic Opportunity) | |
| This amendment does not pre-empt home rule authority. |
| Home Rule Note, House Floor Amendment No. 6 (Dept. of Commerce & Economic Opportunity) | |
| This amendment does not pre-empt home rule authority. |
| State Mandates Fiscal Note, House Floor Amendment No. 5 (Dept. of Commerce & Economic Opportunity) | |
| This amendment does not create a State mandate. |
| State Mandates Fiscal Note, House Floor Amendment No. 6 (Dept. of Commerce & Economic Opportunity) | |
| This amendment does not create a State mandate. |
| Fiscal Note, House Floor Amendment No. 5 (Government Forecasting & Accountability) | |
| HB 1165 (H-AM 5) will not impact any public pension fund or retirement system in Illinois. |
| Fiscal Note, House Floor Amendment No. 6 (Government Forecasting & Accountability) | |
| HB 1165 (H-AM 6) will have a positive fiscal impact. An actuarial cost study would be required to determine the precise amount of the savings. An updated impact note will be issued when actuarial data becomes available. |
| Pension Note, House Floor Amendment No. 5 (Government Forecasting & Accountability) | |
| HB 1165 (H-AM 5) will not impact any public pension fund or retirement system in Illinois. |
| Pension Note, House Floor Amendment No. 6 (Government Forecasting & Accountability) | |
| HB 1165 (H-AM 6) will have a positive fiscal impact. An actuarial cost study would be required to determine the precise amount of the savings. An updated impact note will be issued when actuarial data becomes available. |
| Land Conveyance Appraisal Note, House Floor Amendment No. 5 (Dept. of Transportation) | |
| No land conveyances are included in this bill; therefore, there are no appraisals to be filed. |
| Land Conveyance Appraisal Note, House Floor Amendment No. 6 (Dept. of Transportation) | |
| No land conveyances are included in this bill; therefore, there are no appraisals to be filed. |
Actions
|
Date |
Chamber |
Action |
|
1/31/2013 |
House |
Filed with the Clerk by Rep. Michael J. Madigan |
|
2/1/2013 |
House |
First Reading |
|
2/1/2013 |
House |
Referred to Rules Committee |
|
2/6/2013 |
House |
Assigned to Personnel and Pensions Committee |
|
2/21/2013 |
House |
Do Pass / Short Debate Personnel and Pensions Committee; 006-004-000 |
|
2/21/2013 |
House |
Placed on Calendar 2nd Reading – Short Debate |
|
2/26/2013 |
House |
House Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Madigan; – Rep. Elaine Nekritz |
|
2/26/2013 |
House |
House Floor Amendment No. 1 Referred to Rules Committee |
|
2/27/2013 |
House |
House Floor Amendment No. 1 Land Conveyance Appraisal Note Filed as Amended |
|
2/27/2013 |
House |
House Floor Amendment No. 1 Judicial Note Filed as Amended |
|
2/27/2013 |
House |
House Floor Amendment No. 1 Correctional Note Filed as Amended |
|
2/27/2013 |
House |
Second Reading – Short Debate |
|
2/27/2013 |
House |
Held on Calendar Order of Second Reading – Short Debate |
|
2/27/2013 |
House |
House Floor Amendment No. 1 State Debt Impact Note Filed as Amended |
|
2/27/2013 |
House |
House Floor Amendment No. 1 Home Rule Note Filed as Amended |
|
2/27/2013 |
House |
House Floor Amendment No. 1 State Mandates Fiscal Note Filed as Amended |
|
2/27/2013 |
House |
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 |
|
2/28/2013 |
House |
House Floor Amendment No. 1 Pension Note Filed as Amended |
|
2/28/2013 |
House |
House Floor Amendment No. 1 Balanced Budget Note Filed as Amended |
|
2/28/2013 |
House |
House Floor Amendment No. 1 Fiscal Note Filed as Amended |
|
2/28/2013 |
House |
House Floor Amendment No. 1 Housing Affordability Impact Note Filed as Amended |
|
2/28/2013 |
House |
House Floor Amendment No. 2 Filed with Clerk by Rep. Mike Fortner |
|
2/28/2013 |
House |
House Floor Amendment No. 2 Referred to Rules Committee |
|
2/28/2013 |
House |
House Floor Amendment No. 1 Lost 001-066-000 |
|
2/28/2013 |
House |
Held on Calendar Order of Second Reading – Short Debate *** |
|
3/1/2013 |
House |
House Floor Amendment No. 3 Filed with Clerk by Rep. Jay Hoffman |
|
3/1/2013 |
House |
House Floor Amendment No. 3 Referred to Rules Committee |
|
3/1/2013 |
House |
House Floor Amendment No. 4 Filed with Clerk by Rep. Jay Hoffman |
|
3/1/2013 |
House |
House Floor Amendment No. 4 Referred to Rules Committee |
|
3/19/2013 |
House |
House Floor Amendment No. 5 Filed with Clerk by Rep. Michael J. Madigan; – Rep. Elaine Nekritz |
|
3/19/2013 |
House |
House Floor Amendment No. 5 Referred to Rules Committee |
|
3/19/2013 |
House |
House Floor Amendment No. 6 Filed with Clerk by Rep. Michael J. Madigan; – Rep. Elaine Nekritz |
|
3/19/2013 |
House |
House Floor Amendment No. 6 Referred to Rules Committee |
|
3/19/2013 |
House |
House Floor Amendment No. 5 Balanced Budget Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 6 Balanced Budget Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 5 Correctional Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 6 Correctional Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 5 Judicial Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 6 Judicial Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 5 Housing Affordability Impact Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 6 Housing Affordability Impact Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 5 State Debt Impact Note Filed as Amended |
|
3/19/2013 |
House |
House Floor Amendment No. 6 State Debt Impact Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 5 Home Rule Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 6 Home Rule Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 5 State Mandates Fiscal Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 6 State Mandates Fiscal Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 5 Recommends Be Adopted Rules Committee; 004-000-000 |
|
3/20/2013 |
House |
House Floor Amendment No. 6 Recommends Be Adopted Rules Committee; 004-000-000 |
|
3/20/2013 |
House |
House Floor Amendment No. 5 Fiscal Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 6 Fiscal Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 5 Pension Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 6 Pension Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 5 Land Conveyance Appraisal Note Filed as Amended |
|
3/20/2013 |
House |
House Floor Amendment No. 6 Land Conveyance Appraisal Note Filed as Amended |
|
3/21/2013 |
House |
House Floor Amendment No. 5 Adopted |
|
3/21/2013 |
House |
House Floor Amendment No. 6 Adopted 068-048-001 |
|
3/21/2013 |
House |
Placed on Calendar Order of 3rd Reading – Short Debate |
|
3/21/2013 |
House |
Third Reading – Short Debate – Passed 066-050-000 |
|
3/22/2013 |
Senate |
Arrive in Senate |
|
3/22/2013 |
Senate |
Placed on Calendar Order of First Reading |
|
3/22/2013 |
Senate |
Chief Senate Sponsor Sen. John J. Cullerton |
|
3/22/2013 |
Senate |
First Reading |
|
3/22/2013 |
Senate |
Referred to Assignments |