92nd General Assembly
Status of HB0212
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 Full Text  Bill Summary

   40 ILCS 5/14-103.05       from Ch. 108 1/2, par. 14-103.05                  
   40 ILCS 5/14-104.6        from Ch. 108 1/2, par. 14-104.6                   
   40 ILCS 5/14-106          from Ch. 108 1/2, par. 14-106                     
   40 ILCS 5/14-108          from Ch. 108 1/2, par. 14-108                     
   40 ILCS 5/14-108.2c new                                                     
   40 ILCS 5/14-110          from Ch. 108 1/2, par. 14-110                     
   40 ILCS 5/14-114          from Ch. 108 1/2, par. 14-114                     
   40 ILCS 5/14-133          from Ch. 108 1/2, par. 14-133                     
   40 ILCS 5/16-106          from Ch. 108 1/2, par. 16-106                     
   40 ILCS 5/16-131.6        from Ch. 108 1/2, par. 16-131.6                   

        Amends the Illinois Pension Code.  In the State Employee Article,      
   increases the alternative (State  Police)  retirement  formula.   Also      
   increases  the regular retirement formula for certain employees of the      
   Department of Corrections and the Department of Human  Services.   For      
   members  receiving those formulas, increases the employee contribution      
   by 1% of salary in each of 2002, 2003, and 2004.  Includes within  the      
   definition  of "security employee of the Department of Human Services"      
   certain employees who work at least 50% of their working  hours  at  a      
   security  facility,  thereby  making them eligible for the alternative      
   retirement formula.  In the case of DHS  security  employees  who  are      
   teachers,  allows  current  employees  to  elect  (and requires future      
   hires) to participate in the State Employees' Retirement System rather      
   than the Teachers' Retirement System; authorizes persons  so  electing      
   to  transfer  credits  for  previous service in that capacity.  Allows      
   certain persons to participate in SERS while employed by  a  statewide      
   labor organization that represents members of the System; allows those      
   persons  to  purchase credit for certain prior service.  Provides that      
   employees who are employed on an academic-year basis shall  receive  a      
   full  year of service credit for each academic year of service.  Makes      
   certain provisions retroactive to January 1, 2001 and accelerates  the      
   initial annual increase for certain persons.  Effective immediately.        
          PENSION NOTE (Pension Laws Commission)                               
          According to the System's actuary, increasing the alternative        
          formula would increase the accrued liability of SERS by an           
          estimated $280.8 million. The first year cost would be $2.47         
          million, or 0.07% of payroll. In FY 2010, the employer con-          
          tribution would be $10.73 million, or 0.24% of payroll. There        
          would be a fiscal impact for the other provisions of HB 0212,        
          but is has not been determined and is estimated to minor.            
   JAN-11-2001  H  FILED WITH CLERK                                               
   JAN-30-2001  H  FIRST READING                                                  
   JAN-30-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-30-2001  H                        PENSION NOTE FILED                       
   JAN-30-2001  H                   COMMITTEE               RULES                 
   JAN-31-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


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