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<xml>
<title>Illinois General Assembly - Bill Status for HB 1357</title>
<shortdesc>PENCD-DWNST POL&amp;FIRE-FINANCING</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Laura Faver Dias</sponsors>
</sponsor>
<lastaction>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</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><reference>30 ILCS 805/8.49 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that the annual employer contribution shall include an amount sufficient to bring the total assets of the pension fund up to 90% of the total actuarial liabilities of the pension fund by the end of municipal fiscal year 2050 (instead of 2040). Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/14/2025</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Laura Faver Dias</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/11/2025</statusdate><chamber>House</chamber><action>Assigned to Personnel &amp; Pensions Committee</action>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</actions>
</xml>
