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<xml>
<title>Illinois General Assembly - Bill Status for SB 2642         </title>
<shortdesc>PENSION STABILIZATION FUND</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Dale A. Righter</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2015</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>30 ILCS 122/20</reference><aliasreference></aliasreference><SynopsisText>Amends the Budget Stabilization Act. Increases the amount transferred from the General Revenue Fund to the Pension Stabilization Fund to 90% (currently 10%) of the specified sums. Provides that the transferred amount is intended to represent nine-tenths (currently one-tenth) of the annual savings to the State resulting from the enactment of Public Act 98-599. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/21/2014</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Dale A. Righter</action>
<statusdate>1/21/2014</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/21/2014</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>1/29/2014</statusdate><chamber>Senate</chamber><action>Assigned to Executive</action>
<statusdate>2/5/2014</statusdate><chamber>Senate</chamber><action>To Subcommittee on Special Issues (EX)</action>
<statusdate>3/21/2014</statusdate><chamber>Senate</chamber><action>Postponed - Executive;  Subcommittee on Special Issues</action>
<statusdate>3/28/2014</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/13/2015</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

