Amends the Illinois Pension Code. On January 1, 2021, merges all Article 3 police pension funds into a single Downstate Police Officers Pension Fund and all Article 4 firefighters' pension funds into a single Downstate Firefighters Pension Fund. Creates Transition Boards, which are responsible for planning, overseeing, and administering the consolidation. Authorizes the Transition Boards to undertake numerous activities necessary for the consolidation, including making arrangements for staff, investments, transfer of assets and liabilities, acquisition of property, establishment of municipal accounts, and the adoption of rules and procedures. Authorizes each Transition Board to enter into contracts and to obligate and expend the assets of each Fund. Creates a new Board of Trustees for each Fund, and provides for administration of each Fund by the Transition Board until the new Board assumes its duties on January 1, 2022. Converts the board of trustees of each consolidated pension fund into a pension benefit determination and payment board. Provides for investment of the Funds' assets by custodians chosen by the Boards of Trustees. Makes conforming and other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately, except that certain changes to the Illinois Pension Code take effect January 1, 2021.
Sponsored bills
Sets forth the amounts of general funds estimated by the Illinois Senate to be available during State fiscal year 2019.
Amends the Open Meetings Act. Makes a technical change in a Section concerning definitions.
Amends the Foreign Bank Representative Office Act. Removes from the definition of "foreign bank" a bank, savings association, or trust company which is organized in a state or territory of the United States, including the District of Columbia, outside of the State of Illinois and a national bank having its principal place of business in a state or territory of the United States, including the District of Columbia, other than the State of Illinois. Effective immediately.
Amends the Eminent Domain Act. Makes a technical change in a Section concerning the short title.
Amends the Economic Development Project Area Tax Increment Allocation Act of 1995. Makes a technical change in a Section concerning the short title.
Amends the Illinois Vehicle Code. Makes a technical change in a Section concerning licenses.
Amends the Riverboat Gambling Act. Makes a technical change in a Section concerning the short title.
Makes appropriations for the ordinary and contingent expenses of the Department of Corrections for the fiscal year beginning July 1, 2018, as follows: General Funds $1,404,075,100; Other State Funds $91,736,300; Total $1,495,811,400.
Makes appropriations for the ordinary and contingent expenses of the Board of Trustees of Southern Illinois University for the fiscal year beginning July 1, 2018, as follows: General Funds $179,913,800; Other State Funds $1,269,000; Total $181,182,800.