PEN CD-CASH BALANCE ACCOUNTS House SponsorsRep. Daniel Biss 1/8/2013HouseSession Sine Die 40 ILCS 5/1-16040 ILCS 5/1-161 new40 ILCS 5/2-107.1 new40 ILCS 5/2-108.1from Ch. 108 1/2, par. 2-108.140 ILCS 5/2-119from Ch. 108 1/2, par. 2-11940 ILCS 5/2-119.01from Ch. 108 1/2, par. 2-119.0140 ILCS 5/2-119.1from Ch. 108 1/2, par. 2-119.140 ILCS 5/2-121.1from Ch. 108 1/2, par. 2-121.140 ILCS 5/2-122from Ch. 108 1/2, par. 2-12240 ILCS 5/2-126from Ch. 108 1/2, par. 2-12640 ILCS 5/15-113.6from Ch. 108 1/2, par. 15-113.640 ILCS 5/18-110.1 new40 ILCS 5/18-124from Ch. 108 1/2, par. 18-12440 ILCS 5/18-125from Ch. 108 1/2, par. 18-12540 ILCS 5/18-125.1from Ch. 108 1/2, par. 18-125.140 ILCS 5/18-127from Ch. 108 1/2, par. 18-12740 ILCS 5/18-128.01from Ch. 108 1/2, par. 18-128.0140 ILCS 5/18-133from Ch. 108 1/2, par. 18-13340 ILCS 5/20-121from Ch. 108 1/2, par. 20-12140 ILCS 5/20-123from Ch. 108 1/2, par. 20-12340 ILCS 5/20-124from Ch. 108 1/2, par. 20-12440 ILCS 5/20-125from Ch. 108 1/2, par. 20-12530 ILCS 805/8.36 new Amends the Illinois Pension Code in relation to the 5 State-funded retirement systems. For persons who first become participants on or after July 1, 2013, creates a new benefit package based on an individual "notional cash balance account" instead of the regular benefits of the systems. The plan provides for a different employee contribution rate; for retirement and survivor's annuities based on the participant's account balance; and for annual increases of the lesser of 3% or 1/2 of the annual increase in the cpi-u. Includes other provisions. Also includes conforming and technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective January 1, 2013. 4/5/2012HouseFiled with the Clerk by Rep. Daniel Biss 4/10/2012HouseFirst Reading 4/10/2012HouseReferred to Rules Committee 1/8/2013HouseSession Sine Die