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STATE
OF
(SEE
BELOW
-
CLICK HERE -
FOR FEDERAL LEGISLATION)
A BIG defeat for anyone hired after January 1,
2011-
Bill
1946
changes
the
defined benefit pension plan to a defined
contribution pension plan, does not pay a pension until a retiree
reaches the age of 67 and averages the last EIGHT
years of service to determine the amount of the pension (see our archives page for the vote).
Be
Watchful!
On July 19,
2009, WBBM (780) radio interviewed Senate President Cullerton on their 'At Issue' program. At
one point, when talking about sources of revenue, he pointed out that
Illinois is one of the few states that does not tax retirement income.
(CLICK HERE
FOR A LIST OF
THE
2013 LEGISLATION AND THE CURRENT STATUS OF THAT LEGISLATION)
For the latest
status go to Legislation
status - Illinois or
click on the bill number in the table below
WATCH
THIS
SPACE
FOR
BREAKING
NEWS ON
ANY BILL(S) THAT PROPOSE PENSION CHANGES!
| Proposed RTAC
Legislation for 2013 |
Proposed CTPF
Legislation for 2013 |
|
|
| Bill |
Sponsor | Status | Proposed Action |
| Legislation Which Has Been
Introduced During the 98th
Legislative Session (2013-2014) (See the Archives for 2009-2012 Legislation) |
|||
| HJRCA0002 |
Jakobsson | In Rules Committee |
Proposes to amend the Revenue Article of the Illinois Constitution. Provides that individual income taxes may be at a graduated or a non-graduated rate. Provides that any such tax imposed on corporations shall be at a non-graduated rate, not to exceed the average of the lowest and highest individual rates by more than a ratio of 8 to 5 |
| Legislation which has been introduced in
the Illinois House of Representatives |
|||
| HB0098 HB1154 HB1165 HB1166 HB3162 HB3303 |SB0001| & |HA #1| SB2404 |
Nekritz Madigan Madigan Madigan Hoffman Morrison |Cullerton| & |Madigan| Cullerton |
All of these bills propose changes to the DOWNSTATE and SUBURBAN TRS pension system and DO NOT affect CTPF pensions. Please read the guestbook entry by Kyle with a possible explanation of why they most probably will never affect our pensions. RTAC's lobbiests are aware of these bills and are keeping an eye on them. Should there be a change we will alert you as soon as possible. See also comments on the Constitutionality of the Union Proposal on Pension Reform here. | |
| HB0036 |
Franks | In
Rules
Committee |
Shell bills that make
technical changes but leave the door open for more serious changes.
(WATCH FOR CHANGES) |
| HB0050 |
Franks | ||
| HB0073 |
Jakobsson |
In Rules Committee | Amends the
State Employees Group Insurance Act. Makes changes to the
contributions required for the basic program of health insurance using
a sliding scale. (WATCH FOR CHANGES) |
| HB0092# |
McSweeney | In Rules Committee | Amends the General Assembly Article of the Illinois Pension Code. Provides that no participant shall accrue service credit on or after January 14, 2015, and no member shall become a participant on or after January 14, 2015. |
| HB0096 |
McSweeney | Tabled |
Shifts the cost of healthcare from the state to the institutions that employed the retirees. (WATCH FOR CHANGES) |
| HB0098## |
Nekritz | In Rules Committee | Increases required employee contributions for Tier I members and participants. Limits pensionable salary for Tier I participants. Changes the required State contribution to each of the affected retirement systems so that those systems are 100% funded by 2043. Guarantees certain funding levels. In the State Universities and Downstate Teacher Articles, shifts costs to local employers. NOTE: As of 5/9/2013 this ONLY applies to downstate pensions, NOT Chicago pensions. (See SB0001 for other amendments) Read other comments and analyzes here. (WATCH FOR CHANGES) |
| HB0942 |
Flowers |
Placed on Calendar 2nd Reading | Creates the
Illinois Universal Health Care Act. Provides that all individuals
residing in the State are covered under the Illinois Health Services
Program for Health insurance. |
| HB1165 |
Madigan |
Passed
House 66-50 (See Vote) In Senate Executive Committee |
Limits compounded annual cost-of-living increases for state retirees and will only affect current and retired state workers, university employees, legislators, and downstate and suburban teachers. The bill also requires current and future public employees to wait until age 67 or five years after retirement to begin collecting retirement benefits. State employees' COLAs would be capped at the lesser of 3 percent of $750 per year. NOTE: As of 5/9/2013 this ONLY applies to downstate pensions, NOT Chicago pensions. (WATCH FOR CHANGES) |
| HB1296 |
Mitchell |
Lost on House Vote (See Vote) |
Requires each
pension fund and retirement system to make its best efforts to identify
all firearm manufacturing companies in which it has direct or indirect
holdings and, under certain circumstances, divest itself from holdings
in those companies. (IN FAVOR) |
| HB1484## |
Currie |
In Rules Committee | Specifies the amount of required State and CPS funding contributions for fiscal year 2014. Beginning in fiscal year 2015, changes the goal from 90% to 100% and specifies the manner in which the required contributions will be determined. (IN FAVOR) |
| HB2583## |
Burke |
Passed
House 65-50 (See Vote) In Senate Licensed Activities and Pensions Committee |
Provides
stricter requirements for charter schools that are delinquent on
payroll submissions to CTPF. See also SB1523. (IN FAVOR)
|
| HB2620# |
Riley |
Passed House 74-42 (See Vote) In Senate Executive Committee |
In the Section
requiring the use of a competitive selection process for obtaining
investment services, creates an additional exception for "contracts for
follow-on funds with the same fund sponsor through closed-end
funds". This allows successful investment services to award
contracts to other funds with he same sponsor without requiring
competitive bidding. |
| HB2652## |
Davis |
In Rules Committee | Increases the 2014 state contribution to CTPF to $344 million and requires the State of Illinois contribution in future years to be at least 10% of the amount authorized for TRS. see also SB1926. (IN FAVOR) |
| HB2751## |
Turner |
In Rules Committee | Allows CTPF to receive full contributions from BOTH CPS and the State of Illinois. Currently CPS contributions are offset by any amount CTPF received from the State of Illinois. See also SB1919. (IN FAVOR) |
| HB2789## |
Sims |
In
Rules Committee |
Changes
the way health insurance rebates are calculated and removes the $65
million cap on the amount CTPF can reimburse for health insurance
premiums. Our current reimbursement percentage is unsustainable
and this bill would allow CTPF to continue the reimbursement for an
extended period of time. See also SB 2252. (IN
FAVOR) (Read James Ward's committee testimony here.) |
| HB3162 |
Hoffman |
In
Rules Committee |
Same
as SB2404 |
| HB3088 |
Evans |
Passed
House 115-0 (See Vote) In Senate Licensed Activities and Pensions Committee |
Amends the Illinois Pension Code. Makes a technical
change in a Section concerning Chicago municipal employees, officers,
and officials, clarifying the composition of the various pension
boards. (IN FAVOR)
(Same as
SB0448) |
| Legislation which has been introduced in
the Illinois Senate |
|||
| SB0001# (House Amendment #1) |
Cullerton Madigan |
Passed
Senate 30-22 (See Vote) Passed House 62-51-2 with Amendment (See Vote) (Returned to Senate) |
See SB2404 below for the latest
Senate legislation.
Increases
required
employee contributions for
Tier I members and participants. Limits pensionable salary for Tier I
participants. Changes the required State contribution to each of the
affected retirement systems so that those systems are 100% funded by
2043. Guarantees certain funding levels. In the State Universities and
Downstate Teacher Articles, shifts costs to local employers.
NOTE: As of 5/9/2013 this ONLY applies to downstate pensions, NOT
Chicago pensions. (Same
as HB0098) Read other
comments and analyzes here. (WATCH FOR CHANGES) Please read House
Amendment #1 proposed
by Speaker Madigan. Among
other things, this amendment creates a new funding
schedule, a new method for certifying contributions, a funding
guarantee, a pensionable salary cap, a new method of calculating
the COLA, increases the retirement age, increases employee
contributions, eliminates pensions from collective bargaining and
prohibits the use of pension fund to pay costs associated with
healthcare. (WATCH CAREFULLY) See also comments on the
Constitutionality of the Union Proposal on Pension Reform here. |
| SB0026 |
Steans |
Passed Senate 40-19 (See Vote) In House Rules Committee |
Amends
the Medical Assistance Article of the Illinois Public Aid Code to
expand the State's medical assistance program. |
| SB0034 |
Koehler |
In Subcommittee on Governmental Operations | Amends the
Illinois Health Benefits exchange law. Clarifies the intent of
the
law. |
| SB0448 |
Martinez |
Passed
Senate 54-0 (See Vote) In House Awaiting Assignment |
Senate Amendment 1 to SB0448 amends the Illinois
Pension Code and makes a technical change in a Section concerning
Chicago municipal employees, officers, and officials, clarifying the
composition of the various pension boards. (IN FAVOR) (Same
as HB3088) |
| SB1523## |
Sandoval |
Passed
Senate 51-0 (See Vote) In House Executive Committee |
Provides
stricter requirements for charter schools that are delinquent on
payroll submissions to CTPF. See also HB2583. (IN FAVOR) |
| SB1544 |
Resubmitted
as SB0448 - see SB0448 above |
||
| SB1919## |
Raoul |
In
Assignments Committee |
Allows CTPF to receive full contributions from BOTH CPS and the State of Illinois. Currently CPS contributions are offset by any amount CTPF received from the State of Illinois. See also HB2751. (IN FAVOR) |
| SB1926## |
Jones |
In Assignments Committee | Increases the 2014 state contribution to CTPF to $344 million and requires the State of Illinois contribution in future years to be at least 10% of the amount authorized for TRS. See also HB2652. (IN FAVOR) |
| SB2252## |
Trotter |
In Subcommittee on Special Issues | Changes the way health insurance rebates are calculated and removes the $65 million cap on the amount CTPF can reimburse for health insurance premiums. Our current reimbursement percentage is unsustainable and this bill would allow CTPF to continue the reimbursement for an extended period of time. See also HB 2789. (IN FAVOR) |
| SB2404# |
Cullerton | Passed
Senate 40-16 (See Vote) Awaiting House Action |
Increases required employee contributions for Tier I members and participants. Limits pensionable salary for Tier I participants. Changes the required State contribution to each of the affected retirement systems so that those systems are 100% funded by 2043. Guarantees certain funding levels. In the State Universities and Downstate Teacher Articles. NOTE: As of 5/9/2013 this ONLY applies to downstate pensions, NOT Chicago pensions. Read the CTPF summary here. See also comments on the Constitutionality of the Union Proposal on Pension Reform here. |
| ****See these Archives for legislative actions prior to the 98th Legislative Session.**** | |||
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