<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1266         </title>
<shortdesc>PENCD-ST SYS-FUNDING RATIO</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Joe Sosnowski</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-103.3</reference><aliasreference></aliasreference><reference>40 ILCS 5/2-124</reference><aliasreference>from Ch. 108 1/2, par. 2-124</aliasreference><reference>40 ILCS 5/14-131</reference><aliasreference></aliasreference><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><reference>40 ILCS 5/18-131</reference><aliasreference>from Ch. 108 1/2, par. 18-131</aliasreference><SynopsisText>     Amends the Illinois Pension Code. Increases the prescribed funding ratio for the 5 State-funded retirement systems from 90% to 100%. Makes corresponding changes in the funding formula for each system. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/4/2013</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Joe Sosnowski</action>
<statusdate>2/4/2013</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/4/2013</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/13/2013</statusdate><chamber>House</chamber><action>Assigned to Personnel and Pensions Committee</action>
<statusdate>3/22/2013</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

