PEN CD-IMRF-SUPPLEMENTAL BEN Senate SponsorsSen. James F. Clayborne, Jr. House Sponsors(Rep. Thomas Holbrook-Jack McGuire and Daniel V. Beiser) 1/13/2009SenateSession Sine Die 40 ILCS 5/7-144.3from Ch. 108 1/2, par. 7-144.340 ILCS 5/7-172from Ch. 108 1/2, par. 7-17230 ILCS 805/8.32 newAmends the Illinois Municipal Retirement Fund Article of the Illinois Pension Fund. Changes how a supplemental benefit payment is calculated. Provides that the amount of the supplemental benefit payment to each eligible person shall be 75% of the monthly retirement or surviving spouse annuity payable to that person in June preceding the July 1 supplemental benefit payment date. Adds the percentage of earnings of the participating employees of all participating municipalities and participating instrumentalities necessary to provide that year's supplemental benefit payment to the list of considerations in determining the municipal contribution rate. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Commission on Gov. Forecasting & Accountability) IMRF says that the current cost of providing the "13th payment" is 0.62% of payroll statewide. IMRF had a total employer payroll of $5.6 billion as of December 31, 2006. Therefore, the total statewide cost is currently $34.7 million. Increasing the amount of the "13th payment" will add additional statewide cost equal to 0.24% of payroll. If SB 1959 becomes law, IMRF employers will incur a cost of 0.86% of payroll, or $48.2 million, statewide.Fiscal Note (Commission on Gov. Forecasting & Accountability) IMRF says that the current cost of providing the "13th payment" is 0.62% of payroll statewide. IMRF had a total employer payroll of $5.6 billion as of December 31, 2006. Therefore, the total statewide cost is currently $34.7 million. Increasing the amount of the "13th payment" will add additional statewide cost equal to 0.24% of payroll. If SB 1959 becomes law, IMRF employers will incur a cost of 0.86% of payroll, or $48.2 million, statewide.State Debt Impact Note (Commission on Gov. Forecasting & Accountability) Would not affect the level of State indebtedness.State Mandates Fiscal Note (Dept. of Commerce & Econ. Opportunity) SB1959 does create a non reimbursable State Mandate. 2/7/2008SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/7/2008SenateFirst Reading 2/7/2008SenateReferred to Rules 3/5/2008SenateAssigned to Pensions and Investments 3/12/2008SenateDo Pass Pensions and Investments; 006-002-000 3/12/2008SenatePlaced on Calendar Order of 2nd Reading March 13, 2008 4/8/2008SenateSecond Reading 4/8/2008SenatePlaced on Calendar Order of 3rd Reading April 9, 2008 4/16/2008SenateThird Reading - Passed; 040-016-003 4/17/2008HouseArrived in House 4/17/2008HousePlaced on Calendar Order of First Reading 4/17/2008HouseChief House Sponsor Rep. Thomas Holbrook 4/17/2008HouseFirst Reading 4/17/2008HouseReferred to Rules Committee 4/29/2008HouseAdded Alternate Chief Co-Sponsor Rep. Jack McGuire 5/1/2008HouseState Mandates Fiscal Note Requested by Rep. Roger L. Eddy 5/1/2008HousePension Note Requested by Rep. Roger L. Eddy 5/1/2008HouseFiscal Note Requested by Rep. Thomas Holbrook 5/1/2008HouseState Mandates Fiscal Note Requested by Rep. Thomas Holbrook 5/1/2008HouseBalanced Budget Note Requested by Rep. Thomas Holbrook 5/1/2008HousePension Note Requested by Rep. Thomas Holbrook 5/1/2008HouseState Debt Impact Note Requested by Rep. Thomas Holbrook 5/6/2008HousePension Note Filed 5/6/2008HouseFiscal Note Filed 5/6/2008HouseState Debt Impact Note Filed 5/7/2008HouseState Mandates Fiscal Note Filed 8/19/2008HouseAdded Alternate Co-Sponsor Rep. Daniel V. Beiser 1/13/2009SenateSession Sine Die