HB 2071

Abstract

Amends the Cook County Article of the Illinois Pension Code. Provides that a participant may establish service credit and earnings credit for periods of furlough beginning on or after December 1, 2017 and ending on or before November 30, 2018 if the participant applies before December 31, 2019, makes a specified contribution, and meets other criteria. Provides that a participant may establish earnings credit for periods of salary reduction beginning on or after December 1, 2017 and ending on or before November 30, 2018 if the participant applies before December 31, 2019, makes a specified contribution, and meets other criteria. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. Judicial Note (Admin Office of the Illinois Courts) This legislation would neither increase nor decrease the number of judges needed in the State of Illinois. Correctional Note (Dept of Corrections) There is no fiscal or population impact on the Department of Corrections. Fiscal Note (Government Forecasting & Accountability) HB 2071 will have no fiscal impact upon the Commission on Government Forecasting and Accountability's operations or budget. Pension Note (Government Forecasting & Accountability) Because the Cook County Pension Fund indicates that it does not track how many members are forced to take furlough days, the number of members eligible to purchase service credit under the circumstances proposed in HB 2071 is unknown. State Debt Impact Note (Government Forecasting & Accountability) HB 2074 would not change the amount of authorization for any type of State-issued or State-supported bond, and, therefore, would not affect the level of State indebtedness. Land Conveyance Appraisal Note (Dept. of Transportation) No land conveyances are included in this bill; therefore, there are no appraisals to be filed. State Mandates Fiscal Note (Dept. of Commerce & Economic Opportunity) This bill does not create a State mandate Home Rule Note (Dept. of Commerce & Economic Opportunity) This bill does not pre-empt home rule authority. Balanced Budget Note (Office of Management and Budget) Please be advised that the Balanced Budget Note Act does not apply to this bill, as it is not a supplemental appropriation that increases or decreases appropriations. Under the Act, a balanced budget note must be prepared only for bills that change a general funds appropriation for the fiscal year in which the new bill is enacted. Housing Affordability Impact Note (Housing Development Authority) This bill will have no effect on the cost of constructing, purchasing, owning, or selling a single-family residence. House Floor Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes. Provides that a participant establishing service credit and earnings credit for periods of furlough or salary reduction must be an active participant and must pay the specified employee contributions while he or she is an active participant and within 12 months after the date of application. Provides that to receive the service credit and earnings credit for periods of furlough, the participant must not receive compensation or any type of remuneration from the county (instead of compensation) for any furlough period and must provide a written certification from the county stating that the participant has not received compensation or any type of remuneration from the county for such furlough days. Provides that to receive the service credit and earnings credit for periods of salary reduction, the participant must not receive compensation or any type of remuneration from the county for any reduction in salary and must provide a written certification from the county stating that the participant has not received compensation or any type of remuneration from the county for such reduction in salary. Specifies that the employer's normal cost for the purposes of the provision shall be determined by the Fund's actuarial valuation for the year ending December 31, 2018. Provides that any payments received under the provisions shall be considered contributions made by the employee for the purposes of determining the annual tax levy and county contribution rate under the Cook County and Cook County Forest Preserve Articles. Makes other changes. Effective immediately.