Elaine Nekritz
- Democratic
Primary
Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Increases the required employee contributions of persons who first became employees of the Fund or certain reciprocal systems before January 1, 2011. Changes the manner in which the District calculates its required contribution and tax levy. The new contribution amount is calculated as the employer's normal cost plus the annual amount needed to amortize the unfunded liability by the year 2050 as a level percent of payroll, but shall not exceed an amount equal to the total employee contributions 2 years prior multiplied by 4.19 (currently 2.19). States that the funding goal is to attain a funded ratio of at least 90% by the year 2050. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Effective Date August 3, 2012
Public Act . . . . . . . . . 97-0894
Governor Approved
Sent to the Governor
Third Reading - Passed; 050-002-002
Passed Both Houses
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
Rule 2-10 Third Reading Deadline Established As May 31, 2012
Second Reading
Placed on Calendar Order of 3rd Reading May 21, 2012
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Placed on Calendar Order of 2nd Reading May 3, 2012
Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
Senate Committee Amendment No. 1 Postponed - Pensions and Investments
Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
Senate Committee Amendment No. 1 Referred to Assignments
Do Pass Pensions and Investments; 007-001-001
Alternate Chief Sponsor Changed to Sen. John J. Cullerton
Added as Alternate Chief Co-Sponsor Sen. Edward D. Maloney
Assigned to Pensions and Investments
Chief Senate Sponsor Sen. Edward D. Maloney
Arrive in Senate
Placed on Calendar Order of First Reading
First Reading
Referred to Assignments
House Floor Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
Added Co-Sponsor Rep. David Harris
Added Chief Co-Sponsor Rep. Lou Lang
Third Reading - Short Debate - Passed 109-000-000
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 1 Adopted by Voice Vote
House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000
House Floor Amendment No. 1 Referred to Rules Committee
Placed on Calendar 2nd Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Do Pass / Short Debate Personnel and Pensions Committee; 008-000-000
Committee Deadline Extended-Rule 9(b) March 30, 2012
Assigned to Personnel and Pensions Committee
Rule 19(a) / Re-referred to Rules Committee
Pension Note Filed
Assigned to Personnel and Pensions Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Elaine Nekritz
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| Senate Amendment 001 | |
| House Amendment 001 |
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