IL SB3030

Specifies Cook County pension contributions at fixed dollar amounts through 2022: $555 million (2018), $566 million (2019), $577 million (2020), $588 million (2021), and $599 million (2022).

Beginning in 2023, requires annual contributions equal to the employer's portion of projected normal cost plus an amount to achieve 100% funding of total actuarial liabilities by end of 2052.

Allows contributions to be funded from any revenue source including tax revenue, borrowings, or state and federal funds, rather than limiting to property tax levies only.

Sets Forest Preserve District contributions at: $4.5 million (2018), $5.5 million (2019), $6.5 million (2020), $7.5 million (2021), and $8.5 million (2022), with same post-2022 amortization structure as county.

Exempts implementation from State Mandates Act reimbursement requirements and takes effect immediately upon enactment.