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IL HB2903

Bill

Official Source

Status

Introduced

2/14/2019

Primary Sponsor

Robert Martwick

Click for details

Origin

House of Representatives

101st General Assembly

AI Summary

  • Amends Section 9-169 of the Illinois Pension Code regarding Cook County pension fund financing to broaden permissible funding sources for employer contributions.

  • Allows Cook County to fund pension contributions from any revenue source, including other tax revenue, proceeds of county borrowings, and State or federal funds, instead of restricting funding to the dedicated pension tax levy.

  • Removes previous language that prohibited use of general county funds for pension contributions except for specific federal funds related to public aid employees.

  • Takes effect immediately upon becoming law.

Legislative Description

PEN CD-COOK COUNTY-FUNDING

Last Action

Rule 19(a) / Re-referred to Rules Committee

4/12/2019

Committee Referrals

Rules4/12/2019
Personnel & Pensions3/28/2019
Pension Reform3/6/2019
Personnel & Pensions2/26/2019
Rules2/14/2019

Full Bill Text

No bill text available