92nd General Assembly
Status of HB0235
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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 5/14-110          from Ch. 108 1/2, par. 14-110                     

        Amends the State Employee Article of the Illinois Pension Code to      
   put highway maintenance workers employed by IDOT or the Illinois State      
   Toll Highway Authority under the alternative (State Police) retirement      
   formula.  Also allows certain persons to  participate  in  the  System      
   while  employed  by  a  statewide  labor  organization that represents      
   members of the System; allows those persons  to  purchase  credit  for      
   certain prior service.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          According to the System's actuary, HB 0235 would increase the        
          accrued liability of SERS by $75.5 million. The increase in          
          annual cost is estimated to be 0.05% of payroll in FY 2001           
          ($2.0 million) and incrementally increase to 0.19% of payroll        
          in FY 2010 ($8.5 million) and thereafter. According to SERS,         
          HB 0235 would add 2,421 regular members of SERS to the alter-        
          native formula.                                                      
   JAN-18-2001  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  MOTION                                   TO ASSIGN HB 235      
   JAN-31-2001  H                                           TO PERSONNEL &        
   JAN-31-2001  H                                           PENSIONS COMMITTEE    
   JAN-31-2001  H                                           -TENHOUSE             
   JAN-31-2001  H  MOTION LOST                              002-003-000           
   JAN-31-2001  H                   COMMITTEE               RULES                 
   FEB-06-2001  H  MOTION                                   TO ASSIGN HB 235      
   FEB-06-2001  H                                           TO PERSONNEL &        
   FEB-06-2001  H                                           PENSIONS COMMITTEE    
   FEB-06-2001  H                                           -TENHOUSE             
   FEB-06-2001  H  MOTION LOST                              002-000-003           
   FEB-06-2001  H                   COMMITTEE               RULES                 
   FEB-07-2001  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                                               


 Full Text  Bill Summary