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IL HB5350

Bill

Official Source

Status

Failed

1/8/2013

Primary Sponsor

Bill Mitchell

Click for details

Origin

House of Representatives

97th General Assembly

AI Summary

HB5350 Summary

  • Amends the Illinois Pension Code to require a 3/5 supermajority vote in both houses of the General Assembly for final passage of any bill that changes the State contribution formula for the 5 State-funded retirement systems.

  • Applies the supermajority requirement to modifications of contribution formulas in the General Assembly Retirement System (Article 2), Judges Retirement System (Article 14), University Retirement System (Article 15), Teachers' Retirement System (Article 16), and State Employees' Retirement System (Article 18).

  • Effective immediately upon becoming law.

Legislative Description

PEN CD-FUNDING 3/5 VOTE

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Rules3/30/2012
Personnel & Pensions2/27/2012
Rules2/15/2012

Full Bill Text

No bill text available