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<xml>
<title>Illinois General Assembly - Bill Status for HB 3178         </title>
<shortdesc>STATE ACTUARY FULL-SCOPE AUDIT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Elaine Nekritz-Carol Sente</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 5/2-8.1</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois State Auditing Act. Requires the State Actuary to conduct a full-scope audit of each of the 5 State-funded retirement systems at least once every 5 years. The audit must fully replicate the actuarial valuation used to report the financial condition of the system and shall include an examination of methods and assumptions used for the actuarial valuation for reasonableness and internal consistency. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/25/2015</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Elaine Nekritz</action>
<statusdate>2/25/2015</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/25/2015</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/10/2015</statusdate><chamber>House</chamber><action>Assigned to Personnel and Pensions Committee</action>
<statusdate>3/23/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz</action>
<statusdate>3/23/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/23/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1  In line by 3PM. Timely filed in accordance with House Rule 18(e).</action>
<statusdate>3/24/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/27/2015</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>5/6/2015</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Carol Sente</action>
<statusdate>1/10/2017</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

