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IL HB3136

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

Stephanie Kifowit

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Amends the State Budget Law by adding Section 50-23 to the Civil Administrative Code of Illinois
  • Requires the General Assembly to appropriate an additional 1% to five state pension systems whenever a budget surplus occurs in any fiscal year
  • The additional 1% appropriation applies to retirement systems established under Articles 2, 14, 15, 16, and 18 of the Illinois Pension Code (General Assembly, State Employees, State Universities, Downstate Teachers, and Judges)
  • The 1% is calculated based on the amount the State contributed to those pension systems in the immediately preceding fiscal year
  • The additional appropriation must be made in the fiscal year following the year in which the surplus occurred

Legislative Description

BUDGET-PENSIONS

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules5/31/2024
Appropriations-General Service1/31/2024
Rules5/19/2023
Appropriations-General Service3/7/2023
Rules3/6/2023
Appropriations-General Service2/28/2023
Rules2/17/2023

Full Bill Text

No bill text available