SCHOOL TAX FREEZE-PENSIONS House SponsorsRep. Ron Sandack 12/3/2014HouseSession Sine Die 20 ILCS 3005/7from Ch. 127, par. 41720 ILCS 3005/8from Ch. 127, par. 41830 ILCS 105/13from Ch. 127, par. 14930 ILCS 105/24.12 new30 ILCS 105/24.13 new30 ILCS 122/2035 ILCS 200/18-191 new40 ILCS 5/1-103.340 ILCS 5/1-16040 ILCS 5/1-161 new40 ILCS 5/2-105.1 new40 ILCS 5/2-105.2 new40 ILCS 5/2-108from Ch. 108 1/2, par. 2-10840 ILCS 5/2-119from Ch. 108 1/2, par. 2-11940 ILCS 5/2-119.1from Ch. 108 1/2, par. 2-119.140 ILCS 5/2-121.1from Ch. 108 1/2, par. 2-121.140 ILCS 5/2-124from Ch. 108 1/2, par. 2-12440 ILCS 5/2-125from Ch. 108 1/2, par. 2-12540 ILCS 5/2-126from Ch. 108 1/2, par. 2-12640 ILCS 5/2-134from Ch. 108 1/2, par. 2-13440 ILCS 5/2-16240 ILCS 5/14-103.10from Ch. 108 1/2, par. 14-103.1040 ILCS 5/14-103.40 new40 ILCS 5/14-103.41 new40 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 5/14-114from Ch. 108 1/2, par. 14-11440 ILCS 5/14-13140 ILCS 5/14-132from Ch. 108 1/2, par. 14-13240 ILCS 5/14-133from Ch. 108 1/2, par. 14-13340 ILCS 5/14-135.08from Ch. 108 1/2, par. 14-135.0840 ILCS 5/14-152.140 ILCS 5/15-107.1 new40 ILCS 5/15-107.2 new40 ILCS 5/15-111from Ch. 108 1/2, par. 15-11140 ILCS 5/15-111.1 new40 ILCS 5/15-113.6from Ch. 108 1/2, par. 15-113.640 ILCS 5/15-113.7from Ch. 108 1/2, par. 15-113.740 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 5/15-156from Ch. 108 1/2, par. 15-15640 ILCS 5/15-157from Ch. 108 1/2, par. 15-15740 ILCS 5/15-165from Ch. 108 1/2, par. 15-16540 ILCS 5/15-19840 ILCS 5/16-106.4 new40 ILCS 5/16-106.5 new40 ILCS 5/16-121from Ch. 108 1/2, par. 16-12140 ILCS 5/16-121.1 new40 ILCS 5/16-132from Ch. 108 1/2, par. 16-13240 ILCS 5/16-133from Ch. 108 1/2, par. 16-13340 ILCS 5/16-133.1from Ch. 108 1/2, par. 16-133.140 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 5/16-158.2 new40 ILCS 5/16-20340 ILCS 5/20-121from Ch. 108 1/2, par. 20-12140 ILCS 5/20-123from Ch. 108 1/2, par. 20-12340 ILCS 5/20-124from Ch. 108 1/2, par. 20-12440 ILCS 5/20-125from Ch. 108 1/2, par. 20-125105 ILCS 5/17-2.12 new105 ILCS 5/22-60110 ILCS 805/3-14.4 new Amends the Property Tax Code to impose a 3-year freeze on tax levies by school districts and community college districts. Amends the School Code and the Public Community College Act to make conforming changes. Amends the Illinois Pension Code. In the General Provisions Article, creates a cash balance plan for new hires of the State Universities and Teachers' Retirement Systems and for certain Tier II participants. In the General Assembly, State Employee, State Universities, and Downstate Teacher Articles, increases the retirement age for certain Tier I members and participants. Changes the conditions of eligibility for, and the amount of, automatic annual increases for Tier I retirees. Increases Tier I employee contributions. Limits pensionable salary for Tier I participants and provides that nothing prohibits an employer from providing additional retirement benefits outside the retirement system for participating employees whose compensation exceeds the new salary limitation. Changes the required State contribution to each of the affected retirement systems. Guarantees certain funding levels. In the State Universities and Downstate Teacher Articles, shifts costs to local employers. Makes other changes. Amends the State Finance Act. To the list of standardized items of appropriation, adds "State retirement contribution for annual normal cost" and "State retirement contribution for unfunded accrued liability". Defines those terms. Amends the Governor's Office of Management and Budget Act. Adds those terms to a list of classifications to be used in the preparation of a State budget. Amends the School Code to strengthen the requirements for reimbursement of State mandates on school districts. Includes an inseverability provision. Effective immediately.Pension Note (Government Forecasting & Accountability) HB 2746 is substantively similar to the original Biss-Nekritz proposal of the 97th GA. The fiscal impact of that bill is as follows: A recent cost study by SERS' actuary projects the State to save $326 million in contributions in FY 2014 and over $27 billion in contributions through FY 2045 by adopting the benefit changes in HB 2746. SURS' actuary projects the State will save $333 million in contributions for FY 2014 and approximately $18.9 billion in contributions through FY 2045 by adopting the benefit changes in this bill. TRS' actuary projects that the State will be able to reduce contributions in FY 2014 by $1.22 billion by adopting this bill. Additionally, the State is projected to save $114.17 billion in contributions to TRS through FY 2043. TRS's actuary did not provide data for FY 2044 and 2045. 2/21/2013HouseFiled with the Clerk by Rep. Ron Sandack 2/21/2013HouseFirst Reading 2/21/2013HouseReferred to Rules Committee 3/4/2013HouseAssigned to Personnel and Pensions Committee 3/13/2013HousePension Note Filed 3/22/2013HouseRule 19(a) / Re-referred to Rules Committee 12/3/2014HouseSession Sine Die