PENCD-STATE SYSTEMS-COLA House SponsorsRep. Robert Rita 12/3/2014HouseSession Sine Die 40 ILCS 5/2-107.1 new40 ILCS 5/2-107.2 new40 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 5/14-103.40 new40 ILCS 5/14-103.41 new40 ILCS 5/14-114from Ch. 108 1/2, par. 14-11440 ILCS 5/14-119from Ch. 108 1/2, par. 14-11940 ILCS 5/14-121from Ch. 108 1/2, par. 14-12140 ILCS 5/14-125.1from Ch. 108 1/2, par. 14-125.140 ILCS 5/15-107.1 new40 ILCS 5/15-107.2 new40 ILCS 5/15-136from Ch. 108 1/2, par. 15-13640 ILCS 5/15-145from Ch. 108 1/2, par. 15-14540 ILCS 5/15-153.3from Ch. 108 1/2, par. 15-153.340 ILCS 5/16-106.4 new40 ILCS 5/16-106.5 new40 ILCS 5/16-133.1from Ch. 108 1/2, par. 16-133.140 ILCS 5/16-136.1from Ch. 108 1/2, par. 16-136.140 ILCS 5/16-143.1from Ch. 108 1/2, par. 16-143.140 ILCS 5/16-149.5from Ch. 108 1/2, par. 16-149.540 ILCS 5/18-110.1 new40 ILCS 5/18-110.2 new40 ILCS 5/18-125.1from Ch. 108 1/2, par. 18-125.140 ILCS 5/18-128.01from Ch. 108 1/2, par. 18-128.01 Amends the General Assembly, State Employee, State Universities, Downstate Teacher, and Judges Articles of the Illinois Pension Code. For Tier 1 employees and their survivors, and for Tier 2 participants in the General Assembly and Judges Retirement Systems and their survivors, imposes a reduction in automatic annual increases in retirement, survivor, and disability annuities. Effective immediately.Pension Note (Government Forecasting & Accountability) The Commission's actuary conducted a cost study last year that examined the impact of applying the Tier 2 COLA to Tier 1 employees in TRS. This cost study showed a cumulative savings of $28.5 billion for TRS through FY 2045. 2/21/2013HouseFiled with the Clerk by Rep. Robert Rita 2/21/2013HouseFirst Reading 2/21/2013HouseReferred to Rules Committee 3/4/2013HouseAssigned to Personnel and Pensions Committee 3/13/2013HousePension Note Filed 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die