PENCD-TRS-EARLY RETMT CONTRIBS House SponsorsRep. Elaine Nekritz 12/3/2014HouseSession Sine Die 40 ILCS 5/16-133.2from Ch. 108 1/2, par. 16-133.2 Amends the Downstate Teacher Article of the Illinois Pension Code. Continues the program of early retirement without discount. Increases the required employee and employer contributions to 14.4% and 29.3% of salary, respectively, as recommended by the Commission on Government Forecasting and Accountability. Effective immediately.Pension Note (Government Forecasting & Accountability) TRS' actuary has recommended revising the ERO member contribution rate to 14.4% (currently 11.5%) and the employer contribution rate to 29.3% (currently 23.5%). The Commission's actuary has reviewed the revised contribution rates and has found them to be sufficient to fund 100% of the ERO benefit going forward. House Committee Amendment No. 1 Adds reference to:40 ILCS 5/16-176from Ch. 108 1/2, par. 16-176Replaces everything after the enacting clause. Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that, beginning July 1, 2013, a member shall be ineligible to elect to participate in the early retirement without discount program, unless, prior to July 1, 2013, he or she has notified his or her employer of his or her intent to retire under that program before that date. Provides that the early retirement without discount option is otherwise terminated as of July 1, 2013. Effective immediately. 2/25/2013HouseFiled with the Clerk by Rep. Elaine Nekritz 2/26/2013HouseFirst Reading 2/26/2013HouseReferred to Rules Committee 3/4/2013HouseAssigned to Personnel and Pensions Committee 3/13/2013HousePension Note Filed 3/19/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz 3/19/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/20/2013HouseHouse Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee 3/21/2013HouseHouse Committee Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote 3/21/2013HouseDo Pass as Amended / Short Debate Personnel and Pensions Committee; 008-000-000 3/22/2013HousePlaced on Calendar 2nd Reading - Short Debate 4/18/2013HouseSecond Reading - Short Debate 4/18/2013HouseHeld on Calendar Order of Second Reading - Short Debate 4/19/2013HouseSecond Reading - Short Debate 4/19/2013HouseHeld on Calendar Order of Second Reading - Short Debate 4/19/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die