Congratulates Naperville Central High School on earning second place at the 2013 Illinois Personal Finance Challenge State Finals.
Mourns the death of Tim West, longtime editor of The Naperville Sun.
Celebrates Pam Davis's 25th anniversary as president and CEO of Edward Hospital in Naperville.
Mourns the death of W. Ronald Dietz.
Mourns the death of Chester Rybicki, former mayor of Naperville.
Congratulates Fry Elementary School students Rachel Kelly, Nicholas Siodlarz, Mollie Valek, Dayton Melaniphy, and Luke Diefenderfer for their impressive performances in the InvestWrite program.
Amends the Wireless Emergency Telephone Safety Act. Provides that the Act is repealed on April 1, 2019 (now, April 1, 2013). Effective immediately.
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that an applicant who has been awarded a Credit under the Act may, in the applicant's sole discretion, opt to retain taxes withheld under the Illinois Income Tax Act in lieu of an income tax credit. Provides that the amount of withheld taxes retained by the applicant in a taxable year may not exceed the amount of the Credit awarded by the Department of Commerce and Economic Opportunity for that taxable year. Provides that each employee whose taxes were withheld by an employer who retains amounts under this subsection must receive credit for 100% of the taxes withheld from his or her pay. Requires the Department to report annually to the Governor and the General Assembly on the progress of the incentive payment program. Amends the Illinois Income Tax Act to make corresponding changes concerning tax withholding. Effective immediately.
Amends the General Assembly Retirement System (GARS) Article of the Illinois Pension Code. Provides that current participants cannot establish service credit in the system after the effective date of the amendatory Act. Prohibits persons from becoming a member of GARS after the effective date of the amendatory Act. Effective immediately.
Amends the Chicago Municipal, Chicago Laborers, Chicago Park District, and Chicago Teachers Articles of the Illinois Pension Code. In every affected Article, except the Chicago Teachers Article, establishes a minimum contribution that must be paid to the affected Funds by employers during each fiscal year beginning in fiscal year 2013. In the Chicago Teachers Article, changes the required minimum contribution so that the Fund is 90% funded by 2046 (rather than 2060). In the Chicago Municipal and Chicago Laborers Articles, requires the amounts that must be paid for annuities, benefits, and administrative expenses to be paid by the city (rather than by the city from the prescribed tax levy). Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2012.
