HB1246 - 104th General Assembly (2025-2026)

PENCD-DWNST POL&FIRE-FINANCING
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Dave Vella
Statutes Amended In Order of Appearance
40 ILCS 5/3-125  from Ch. 108 1/2, par. 3-125
40 ILCS 5/4-118  from Ch. 108 1/2, par. 4-118
30 ILCS 805/8.49 new  
Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Actions
DateChamberAction
1/10/2025HouseFiled with the Clerk by Rep. Dave Vella
1/28/2025HouseFirst Reading
1/28/2025HouseReferred to Rules Committee
2/11/2025HouseAssigned to Personnel & Pensions Committee
3/21/2025HouseRule 19(a) / Re-referred to Rules Committee