SB2163 99TH GENERAL ASSEMBLY

LRB099 13260 SXM 37170 b

99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB2163

Introduced 7/28/2015, by Sen. Michael Connelly

SYNOPSIS AS INTRODUCED:

105 ILCS 5/10-30 new
105 ILCS 5/34-21.9 new
110 ILCS 305/90 new
110 ILCS 520/75 new
110 ILCS 660/5-185 new
110 ILCS 665/10-185 new
110 ILCS 670/20-190 new
110 ILCS 675/15-185 new
110 ILCS 680/25-185 new
110 ILCS 685/30-195 new
110 ILCS 690/35-190 new

Amends the School Boards Article of the School Code. Provides that a school board shall vote on whether to approve an increase in the earnings of a member of the Teachers' Retirement System of the State of Illinois who receives an increase in salary that exceeds his or her annual full-time salary rate with the same employer for the previous school year by more than 6%. Lists the public notice requirements of a school board meeting in which a vote confirming the salary increase takes place. Amends the Cities of Over 500,000 Inhabitants-Board Of Education Article of the School Code to make similar changes. Amends various Acts relating to the governance of public universities in Illinois. Provides that a board of trustees shall vote on whether to approve an increase in the earnings of a participant of the State Universities Retirement System who receives an increase in salary that exceeds the amount of his or her earnings with the same employer for the previous academic year by more than 6%. Lists the public notice requirements of a board of trustees meeting in which a vote confirming the salary increase takes place. Effective immediately.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning education.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The School Code is amended by adding Sections 10-30 and 34-21.9 as follows:

(105 ILCS 5/10-30 new)

Sec. 10-30. Salary increase. Before any member of the Teachers' Retirement System of the State of Illinois receives an increase in salary, as defined in Article 16 of the Illinois Pension Code, for any school year used to determine final average salary under Article 16 of the Illinois Pension Code that exceeds his or her annual full-time salary rate with the same employer for the previous school year by more than 6%, the school board shall vote on whether to approve the increase in earnings at the next school board meeting that occurs following a 30-day notice period. Before the school board votes on whether to confirm the increase in salary, the school district shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in salary; (2) the amount of the increase in salary expressed as a dollar amount and percentage; and (3) the present value of the increase in benefits under Article 16 of the Illinois Pension Code resulting from the portion of the increase in salary that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the Teachers' Retirement System of the State of Illinois that is available at the time of calculation.

(105 ILCS 5/34-21.9 new)

Sec. 34-21.9. Salary increase. Before any member of the Teachers' Retirement System of the State of Illinois receives an increase in salary, as defined in Article 16 of the Illinois Pension Code, for any school year used to determine final average salary under Article 16 of the Illinois Pension Code that exceeds his or her annual full-time salary rate with the same employer for the previous school year by more than 6%, the Chicago Board of Education shall vote on whether to approve the increase in earnings at the next Chicago Board of Education meeting that occurs following a 30-day notice period. Before the Chicago Board of Education votes on whether to confirm the increase in salary, the school district shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in salary; (2) the amount of the increase in salary expressed as a dollar amount and percentage; and (3) the present value of the increase in benefits under Article 16 of the Illinois Pension Code resulting from the portion of the increase in salary that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the Teachers' Retirement System of the State of Illinois that is available at the time of calculation.

Section 10. The University of Illinois Act is amended by adding Section 90 as follows:

(110 ILCS 305/90 new)

Sec. 90. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 15. The Southern Illinois University Management Act is amended by adding Section 75 as follows:

(110 ILCS 520/75 new)

Sec. 75. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 20. The Chicago State University Law is amended by adding Section 5-185 as follows:

(110 ILCS 660/5-185 new)

Sec. 5-185. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 25. The Eastern Illinois University Law is amended by adding Section 10-185 as follows:

(110 ILCS 665/10-185 new)

Sec. 10-185. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 30. The Governors State University Law is amended by adding Section 20-190 as follows:

(110 ILCS 670/20-190 new)

Sec. 20-190. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 35. The Illinois State University Law is amended by adding Section 15-185 as follows:

(110 ILCS 675/15-185 new)

Sec. 15-185. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 40. The Northeastern Illinois University Law is amended by adding Section 25-185 as follows:

(110 ILCS 680/25-185 new)

Sec. 25-185. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 45. The Northern Illinois University Law is amended by adding Section 30-195 as follows:

(110 ILCS 685/30-195 new)

Sec. 30-195. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 50. The Western Illinois University Law is amended by adding Section 35-190 as follows:

(110 ILCS 690/35-190 new)

Sec. 35-190. Earnings increase. Before a participant of the State Universities Retirement System receives an increase in earnings, as defined in Article 15 of the Illinois Pension Code, for any academic year used to determine the final rate of earnings under Article 15 of the Illinois Pension Code, determined on a full-time equivalent basis, that exceeds the amount of his or her earnings with the same employer for the previous academic year, determined on a full-time equivalent basis, by more than 6%, the Board of Trustees shall vote on whether to confirm the increase in earnings at the next meeting that occurs following a 30-day notice period. Before the Board of Trustees votes on whether to confirm that increase in earnings, the university shall post a public notice for 30 days that contains: (1) the name and position of the person receiving the increase in earnings; (2) the amount of the increase in earnings expressed as a dollar amount and percentage; (3) and the present value of the increase in benefits under Article 15 of the Illinois Pension Code resulting from the portion of the increase in earnings that is in excess of 6%. The present value shall be computed on the basis of the actuarial assumptions and tables used in the most recent actuarial valuation of the State Universities Retirement System that is available at the time of calculation.

Section 99. Effective date. This Act takes effect upon becoming law.