HB 1185 Illinois House · 103rd Regular Session

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 in committee 1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2023 Last action Apr 19, 2024
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Full legislative history

Actions timeline

Total actions
10
Key actions
1
Committee
4
Apr 19, 2024
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Mar 22, 2024
Lower · Passed
Do Pass / Short Debate Personnel & Pensions Committee; 007-003-000
lower
Jan 31, 2024
Committee
Assigned to Personnel & Pensions Committee
lower
Jan 31, 2023
Committee
Referred to Rules Committee
lower
1 primary · 1 co-sponsor

Sponsors