MADIGAN,MJ-MAUTINO-BOST-MITCHELL,JERRY-REITZ, POE, O'BRIEN, KLINGLER, MYERS,RICHARD, LEITCH, HOEFT, RIGHTER, RYDER, MITCHELL,BILL, MOFFITT, GILES, JONES,JOHN, ACEVEDO, FORBY, RYAN, FRITCHEY AND LYONS,JOSEPH. (MADIGAN,R-LUECHTEFELD-HAWKINSON-DONAHUE-MYERS) 40 ILCS 5/14-103.05 from Ch. 108 1/2, par. 14-103.05 40 ILCS 5/14-104.6 from Ch. 108 1/2, par. 14-104.6 40 ILCS 5/14-106 from Ch. 108 1/2, par. 14-106 40 ILCS 5/14-108 from Ch. 108 1/2, par. 14-108 40 ILCS 5/14-108.2c new 40 ILCS 5/14-110 from Ch. 108 1/2, par. 14-110 40 ILCS 5/14-114 from Ch. 108 1/2, par. 14-114 40 ILCS 5/14-133 from Ch. 108 1/2, par. 14-133 40 ILCS 5/16-106 from Ch. 108 1/2, par. 16-106 40 ILCS 5/16-131.6 from Ch. 108 1/2, par. 16-131.6 Amends the Illinois Pension Code. In the State Employee Article, increases the alternative (State Police) retirement formula. Also increases the regular retirement formula for certain employees of the Department of Corrections and the Department of Human Services. For members receiving those formulas, increases the employee contribution by 1% of salary in each of 2002, 2003, and 2004. Includes within the definition of "security employee of the Department of Human Services" certain employees who work at least 50% of their working hours at a security facility, thereby making them eligible for the alternative retirement formula. In the case of DHS security employees who are teachers, allows current employees to elect (and requires future hires) to participate in the State Employees' Retirement System rather than the Teachers' Retirement System; authorizes persons so electing to transfer credits for previous service in that capacity. Provides that employees who are employed on an academic-year basis shall receive a full year of service credit for each academic year of service. Makes certain provisions retroactive to January 1, 2001 and accelerates the initial annual increase for certain persons. Effective immediately. PENSION NOTE (Pension Laws Commission) According to the System's actuary, increasing the alternative formula would increase the accrued liability of SERS by an estimated $280.8 million. The first year cost would be $2.47 million, or 0.07% of payroll. In FY 2010, the employer con- tribution would be $10.73 million, or 0.24% of payroll. There would be a fiscal impact for the other provisions of HB 250, but it has not been determined and is estimated to be minor. JAN-18-2001 H FILED WITH CLERK JAN-23-2001 H ADDED AS A JOINT SPONSOR MAUTINO JAN-30-2001 H FIRST READING JAN-30-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-30-2001 H PENSION NOTE FILED JAN-30-2001 H COMMITTEE RULES JAN-30-2001 H ADDED AS A JOINT SPONSOR BOST JAN-30-2001 H ADDED AS A JOINT SPONSOR MITCHELL,JERRY JAN-30-2001 H ADDED AS A CO-SPONSOR REITZ JAN-31-2001 H ASSIGNED TO COMMITTEE PERS PENSION JAN-31-2001 H ADDED AS A CO-SPONSOR POE FEB-05-2001 H ADDED AS A CO-SPONSOR O'BRIEN FEB-06-2001 H AMENDMENT NO. 01-PERS PENSION H FEB-06-2001 H LOST 005-006-000 FEB-06-2001 H DO PASS/SHORT DEBATE 011-000-000 HPPN FEB-06-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE FEB-06-2001 H SECOND READING-SHORT DEBATE FEB-06-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE FEB-06-2001 H ADDED AS A CO-SPONSOR BLACK FEB-07-2001 H THIRD READING/SHORT DEBATE/PASSED 117-000-000 FEB-07-2001 H ADDED AS A CO-SPONSOR KLINGLER FEB-07-2001 H ADDED AS A CO-SPONSOR MYERS,RICHARD FEB-07-2001 H ADDED AS A CO-SPONSOR LEITCH FEB-07-2001 H ADDED AS A CO-SPONSOR HOEFT FEB-07-2001 H ADDED AS A CO-SPONSOR RIGHTER FEB-07-2001 H ADDED AS A CO-SPONSOR RYDER FEB-07-2001 H ADDED AS A CO-SPONSOR FRANKS FEB-07-2001 H ADDED AS A CO-SPONSOR MITCHELL,BILL FEB-07-2001 H ADDED AS A CO-SPONSOR MOFFITT FEB-07-2001 H ADDED AS A CO-SPONSOR GILES FEB-07-2001 H ADDED AS A CO-SPONSOR JONES,JOHN FEB-07-2001 H ADDED AS A CO-SPONSOR ACEVEDO FEB-08-2001 H ADDED AS A JOINT SPONSOR REITZ FEB-08-2001 H ADDED AS A CO-SPONSOR FORBY FEB-08-2001 H ADDED AS A CO-SPONSOR FOWLER FEB-08-2001 H ADDED AS A CO-SPONSOR RYAN FEB-08-2001 H ADDED AS A CO-SPONSOR FRITCHEY FEB-08-2001 H ADDED AS A CO-SPONSOR LYONS,JOSEPH FEB-20-2001 S ARRIVE IN SENATE FEB-20-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-02-21 FEB-20-2001 S CHIEF SPONSOR MADIGAN,R FEB-20-2001 S ADDED AS A CHIEF CO-SPONSOR LUECHTEFELD FEB-20-2001 S ADDED AS A CHIEF CO-SPONSOR HAWKINSON FEB-20-2001 S ADDED AS A CHIEF CO-SPONSOR DONAHUE FEB-20-2001 S ADDED AS A CHIEF CO-SPONSOR MYERS FEB-20-2001 S ADDED AS A CO-SPONSOR SIEBEN FEB-20-2001 S ADDED AS A CO-SPONSOR BOMKE FEB-21-2001 S ADDED AS A CO-SPONSOR RADOGNO FEB-21-2001 S ADDED AS A CO-SPONSOR SULLIVAN FEB-21-2001 S FIRST READING FEB-21-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-22-2001 S ADDED AS A CO-SPONSOR NOLAND MAR-07-2001 S ADDED AS A CO-SPONSOR DEMUZIO MAR-26-2001 S ADDED AS A CO-SPONSOR WATSON APR-25-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAY-08-2001 S ADDED AS A CO-SPONSOR OBAMA MAY-08-2001 S DO PASS 009-000-000 SINS MAY-08-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-05-09 MAY-16-2001 S SECOND READING MAY-16-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-17 MAY-17-2001 S ADDED AS A CO-SPONSOR WOOLARD MAY-17-2001 S ADDED AS A CO-SPONSOR BOWLES MAY-17-2001 S THIRD READING - PASSED 051-003-003 MAY-17-2001 H PASSED BOTH HOUSES MAY-21-2001 H SENT TO THE GOVERNOR JUN-28-2001 H GOVERNOR APPROVED JUN-28-2001 H EFFECTIVE DATE 01-06-28 JUN-28-2001 H PUBLIC ACT.............................. 92-0014 END OF INQUIRY Full Text Bill Summary