<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 68           </title>
<shortdesc>PEN CD-COMPTROLLER INTERCEPT</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Michael E. Hastings</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/3-125</reference><aliasreference>from Ch. 108 1/2, par. 3-125</aliasreference><reference>40 ILCS 5/4-118</reference><aliasreference>from Ch. 108 1/2, par. 4-118</aliasreference><SynopsisText>Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Beginning in fiscal year 2021, sets a separate Comptroller intercept schedule for payments of State funds to pension funds that have assets in trust that exceed 5 years of current liabilities. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/11/2017</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Michael E. Hastings</action>
<statusdate>1/11/2017</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/11/2017</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/24/2017</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>2/9/2017</statusdate><chamber>Senate</chamber><action>To Subcommittee on Pensions</action>
<statusdate>3/17/2017</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

