PENCD-DWNST POL&FIRE-FINANCING
Summary
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2021
Last action Jan 10, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
5
Feb 18, 2022
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Jan 5, 2022
Committee
Assigned to Personnel & Pensions Committee
lower
Mar 27, 2021
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 2, 2021
Committee
Assigned to Personnel & Pensions Committee
lower
Jan 29, 2021
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Maurice West
DDemocratic
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