PEN CD-MWRD-CONTRIBUTIONS/LEVY House SponsorsRep. Elaine Nekritz-Lou Lang and David Harris Senate Sponsors(Sen. John J. Cullerton-Edward D. Maloney) 8/3/2012HousePublic Act . . . . . . . . . 97-0894 40 ILCS 5/13-502from Ch. 108 1/2, par. 13-50240 ILCS 5/13-503from Ch. 108 1/2, par. 13-50330 ILCS 805/8.36 new 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.Pension Note (Government Forecasting & Accountability) An actuarial cost study would be needed to assess the full impact of HB 4513. COGFA staff has asked MWRD for an actuarial study - a revised impact note will be issued if such a study is made available. The Pension Code does not currently require MWRD to meet any long-term funding goal, so to the extent that this bill would mandate annual payments in order to achieve a 90% funding ratio by 2050, HB 4513 would have a positive fiscal impact. House Floor Amendment No. 1 Replaces everything after the enacting clause with provisions of the introduced bill, with this additional change: Returns the employee contributions to their current level beginning with the first pay period paid on or after the date when the funded ratio of the Fund is first determined to have reached the 90% funding goal. 1/31/2012HouseFiled with the Clerk by Rep. Elaine Nekritz 1/31/2012HouseFirst Reading 1/31/2012HouseReferred to Rules Committee 2/17/2012HouseAssigned to Personnel and Pensions Committee 2/22/2012HousePension Note Filed 3/9/2012HouseRule 19(a) / Re-referred to Rules Committee 3/21/2012HouseCommittee Deadline Extended-Rule 9(b) March 30, 2012 3/21/2012HouseAssigned to Personnel and Pensions Committee 3/28/2012HouseDo Pass / Short Debate Personnel and Pensions Committee; 008-000-000 3/28/2012HousePlaced on Calendar 2nd Reading - Short Debate 3/28/2012HouseSecond Reading - Short Debate 3/28/2012HouseHeld on Calendar Order of Second Reading - Short Debate 3/29/2012HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz 3/29/2012HouseHouse Floor Amendment No. 1 Referred to Rules Committee 3/29/2012HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 004-000-000 3/29/2012HouseHouse Floor Amendment No. 1 Adopted by Voice Vote 3/29/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/29/2012HouseThird Reading - Short Debate - Passed 109-000-000 3/29/2012HouseAdded Chief Co-Sponsor Rep. Lou Lang 3/29/2012HouseAdded Co-Sponsor Rep. David Harris 3/30/2012SenateArrive in Senate 3/30/2012SenatePlaced on Calendar Order of First Reading 3/30/2012SenateChief Senate Sponsor Sen. Edward D. Maloney 3/30/2012SenateFirst Reading 3/30/2012SenateReferred to Assignments 4/17/2012SenateAssigned to Pensions and Investments 5/1/2012SenateAlternate Chief Sponsor Changed to Sen. John J. Cullerton 5/1/2012SenateAdded as Alternate Chief Co-Sponsor Sen. Edward D. Maloney 5/2/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton 5/2/2012SenateSenate Committee Amendment No. 1 Referred to Assignments 5/2/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Pensions and Investments 5/2/2012SenateSenate Committee Amendment No. 1 Postponed - Pensions and Investments 5/2/2012SenateDo Pass Pensions and Investments; 007-001-001 5/2/2012SenatePlaced on Calendar Order of 2nd Reading May 3, 2012 5/4/2012SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 5/18/2012SenateSecond Reading 5/18/2012SenatePlaced on Calendar Order of 3rd Reading May 21, 2012 5/25/2012SenateRule 2-10 Third Reading Deadline Established As May 31, 2012 5/31/2012SenateThird Reading - Passed; 050-002-002 5/31/2012SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) 5/31/2012HousePassed Both Houses 6/5/2012HouseSent to the Governor 8/3/2012HouseGovernor Approved 8/3/2012HouseEffective Date August 3, 2012 8/3/2012HousePublic Act . . . . . . . . . 97-0894