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SB 3776 Illinois Senate · 96th Regular Session

PENSION STABILIZATION FUND

Summary
Amends the Budget Stabilization Act. Provides that, beginning in fiscal year 2011, when the increase in the Employment Cost Index, as determined by the Bureau of Labor Statistics of the U.S. Department of Labor, for the previous fiscal year exceeds 2%, the Comptroller shall transfer into the Pension Stabilization Fund from the General Revenue Fund, on at least a monthly basis, an amount equal to the amount of general funds revenues exceeding 102% of the prior fiscal year's general funds revenues for the purpose of making payments to the designated retirement systems. Effective July 1, 2010.
Bill status signed all 5 stages cleared
Introduction
Mar 2010
Committee Review
Dec 2010
Senate Passage
Dec 2010
House Passage
Nov 2010
Signed into Law
Dec 2010
Introduced Mar 18, 2010 Signed Dec 30, 2010
Floor votes · Senate Dec 1, 2010 · House Nov 30, 2010

How they voted

45–0
Passed · 4 other
Total votes 49
Dec 1, 2010
D Democratic30
28 Yea 2
93% Yea
R Republican19
17 Yea 2
89% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
51
Key actions
10
Committee
12
Amendments
8
Dec 30, 2010
Signed into law
Governor Approved
upper
Dec 1, 2010
Upper · Passed
Passed Both Houses
upper
Dec 1, 2010
Upper · Passed
House Committee Amendment No. 1 Senate Concurs 055-000-001
upper
Dec 1, 2010
Upper · Passed
House Committee Amendment No. 1 3/5 Vote Required
upper
Dec 1, 2010
Upper · Passed
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
upper
Dec 1, 2010
Committee
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Revenue
upper
Dec 1, 2010
Committee
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
upper
Nov 30, 2010
Introduced
Placed on Calendar Order of Concurrence House Amendment(s) 1 - December 1, 2010
upper
Nov 30, 2010
Introduced
Secretary's Desk - Concurrence House Amendment(s) 1
upper
Nov 30, 2010
House · Passed
House Vote: pass (92-0-4)
house
Nov 29, 2010
Lower · Passed
Do Pass as Amended / Short Debate Executive Committee; 010-000-000
lower
Nov 29, 2010
Lower · Passed
House Committee Amendment No. 1 Adopted in Executive Committee; by Voice Vote
lower
Nov 29, 2010
Introduced
House Committee Amendment No. 1 Filed with Clerk by Executive Committee
lower
Nov 18, 2010
Committee
Assigned to Executive Committee
lower
Mar 18, 2010
Committee
Referred to Rules Committee
lower
Mar 18, 2010
Introduced
Arrived in House
lower
Mar 18, 2010
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Schoenberg
upper
Mar 16, 2010
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 007-000-000
upper
Mar 16, 2010
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Executive
upper
Mar 11, 2010
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
Mar 11, 2010
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Jeffrey M. Schoenberg
upper
Mar 8, 2010
Upper · Passed
Do Pass Executive; 012-000-000
upper
Feb 24, 2010
Committee
Assigned to Executive
upper
Feb 11, 2010
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.