INCOME TAX-PENSION REFORM House SponsorsRep. Lou Lang-Greg Harris 12/3/2014HouseSession Sine Die 5 ILCS 375/6from Ch. 127, par. 52620 ILCS 2505/2505-427 new35 ILCS 5/201from Ch. 120, par. 2-20135 ILCS 5/224 new40 ILCS 5/1-103.340 ILCS 5/2-119from Ch. 108 1/2, par. 2-11940 ILCS 5/2-119.01from Ch. 108 1/2, par. 2-119.0140 ILCS 5/2-124from Ch. 108 1/2, par. 2-12440 ILCS 5/2-126from Ch. 108 1/2, par. 2-12640 ILCS 5/14-107from Ch. 108 1/2, par. 14-10740 ILCS 5/14-108from Ch. 108 1/2, par. 14-10840 ILCS 5/14-110from Ch. 108 1/2, par. 14-11040 ILCS 5/14-13140 ILCS 5/14-133from Ch. 108 1/2, par. 14-13340 ILCS 5/15-135from Ch. 108 1/2, par. 15-13540 ILCS 5/15-136from Ch. 108 1/2, par. 15-13640 ILCS 5/15-155from Ch. 108 1/2, par. 15-15540 ILCS 5/15-155.1 new40 ILCS 5/15-157from Ch. 108 1/2, par. 15-15740 ILCS 5/15-165from Ch. 108 1/2, par. 15-16540 ILCS 5/16-132from Ch. 108 1/2, par. 16-13240 ILCS 5/16-133from Ch. 108 1/2, par. 16-13340 ILCS 5/16-133.2from Ch. 108 1/2, par. 16-133.240 ILCS 5/16-152from Ch. 108 1/2, par. 16-15240 ILCS 5/16-158from Ch. 108 1/2, par. 16-15840 ILCS 5/16-158.1from Ch. 108 1/2, par. 16-158.140 ILCS 5/18-124from Ch. 108 1/2, par. 18-12440 ILCS 5/18-125from Ch. 108 1/2, par. 18-12540 ILCS 5/18-131from Ch. 108 1/2, par. 18-13140 ILCS 5/18-133from Ch. 108 1/2, par. 18-13330 ILCS 805/8.37 new Amends the State Employees Group Insurance Act of 1971. Provides that, beginning in State fiscal year 2014, a member who is eligible for medicare shall pay the full premium amount for his or her healthcare coverage under the Act. Amends the Illinois Pension Code. For the 5 State-funded retirement systems, incrementally increases employee contributions by a total of 3% of salary, imposes a minimum retirement age of 67 (or 62 with a discounted annuity), changes the funding goal from 90% to 80%, and changes the funding formula (beginning in FY2014, applies a 50-year amortization formula to reach an 80% funding ratio). In the State Universities and Downstate Teacher Articles, shifts costs to local employers. Amends the Illinois Income Tax Act. Makes the current tax rates permanent. In any fiscal year in which the total State contribution to the State-funded retirement systems is less than the proceeds from the income tax increase and the debt service savings from the retirement of the 2010 and 2011 Pension Obligation Notes, grants a refundable income tax credit equal to the difference. Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Requires the Department of Revenue and the State Comptroller to make certain determinations and certifications. Contains an inseverability provision. Effective immediately.Pension Note (Government Forecasting & Accountability) An actuarial cost study would be required to determine the precise fiscal impact of HB 2375. An updated impact note will be issued when an actuarial cost study becomes available from the State retirement systems. 2/20/2013HouseFiled with the Clerk by Rep. Lou Lang 2/20/2013HouseAdded Chief Co-Sponsor Rep. Greg Harris 2/20/2013HouseFirst Reading 2/20/2013HouseReferred to Rules Committee 2/25/2013HouseAssigned to Personnel and Pensions Committee 3/6/2013HousePension Note Filed 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die