<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 254          </title>
<shortdesc>PEN CD-ST SYS-FUNDING RATIO</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Joe Sosnowski</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-103.3</reference><aliasreference></aliasreference><reference>40 ILCS 5/2-124</reference><aliasreference>from Ch. 108 1/2, par. 2-124</aliasreference><reference>40 ILCS 5/14-131</reference><aliasreference></aliasreference><reference>40 ILCS 5/15-155</reference><aliasreference>from Ch. 108 1/2, par. 15-155</aliasreference><reference>40 ILCS 5/16-158</reference><aliasreference>from Ch. 108 1/2, par. 16-158</aliasreference><reference>40 ILCS 5/18-131</reference><aliasreference>from Ch. 108 1/2, par. 18-131</aliasreference><SynopsisText>     Provides that if and only if the Supreme Court of Illinois, in the consolidated case of In re Pension Reform Litigation, No. 118585, finds that either Public Act 98-599 is unconstitutional in its entirety or that the changes made by Public Act 98-599 to certain Sections of the Illinois Pension Code are unconstitutional, the Illinois Pension Code is amended to make changes to the prescribed funding formulas for the 5 State-funded retirement systems. In the Judges Article, increases the funding ratio from 90% to 100%. Makes corresponding changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/23/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Joe Sosnowski</action>
<statusdate>1/23/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/23/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

