<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 3622         </title>
<shortdesc>PEN CD-EMPLOYER CONTRIBUTIONS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Dale Fowler-Neil Anderson and Terry Link-Scott M. Bennett</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<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><SynopsisText>Amends the Downstate Teachers and State Universities Articles of the Illinois Pension Code. Requires an employer to make an additional employer contribution for a participant whose earnings for any academic year used to determine the final rate of earnings exceed the amount of his or her earnings with the same employer for the previous academic year by more than 6% (instead of 3%). Makes conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>7/25/2018</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Dale Fowler</action>
<statusdate>7/25/2018</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>7/25/2018</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>7/25/2018</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Neil Anderson</action>
<statusdate>7/27/2018</statusdate><chamber>Senate</chamber><action>Added as Co-Sponsor Sen. Terry Link</action>
<statusdate>7/31/2018</statusdate><chamber>Senate</chamber><action>Added as Chief Co-Sponsor Sen. Scott M. Bennett</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

