Legislation

Legislation

Please note: SURS does not endorse specific pension reform legislation. Our goal is to update and educate SURS members concerning legislation that may affect their retirement benefits.

HR 0006

Urge Solutions to Windfall Elimination Provision

HR 6 resolves that the Illinois House of Representatives urges President Trump and the United States Congress to continue to work to find a solution to the problems created by the Windfall Elimination Provision.

HR 6 resolves that suitable copies of the resolution be delivered to President Trump, U.S. Senate Majority Leader McConnell, U.S. Senate Minority Leader Schumer, U.S. Speaker...

HR 0027

Oppose Educational Pension Cost Shift

HR 27 resolves that the Illinois House of Representatives states its belief that an educational pension cost shift is financially wrong and would only serve to shift pension burdens from the state to the status of an unfunded mandate.

HR 27 is similar to HR 117 of the 101st General Assembly.

HR 0032

Oppose Tax on Retirement Income

HR 32 resolves that the Illinois House of Representatives states its belief that the Illinois Income Tax Act should not be amended to permit taxing retirement income.

HR 32 resolves that suitable copies of the resolution be delivered to all Illinois constitutional officers, the Speaker and Minority Leader of the Illinois House of Representatives, and the President and Minority Leader...

HR 0117

Oppose Educational Pension Cost Shift

HR 117 resolves, by the Illinois House of Representatives, that the normal cost of pensions for state educators is the responsibility of the state and that the General Assembly should not use the current budget crisis as a reason to shift its financial responsibility for state pension costs to local taxpayers.

HR 117 is similar to HR 27 of the 101st General Assembly.

HR 0343

Urge Divestment from For-Profit Companies that Contract to Shelter Migrant Children

HR 343 resolves, by the Illinois House of Representatives, that the state of Illinois is urged to divest from any for-profit companies that contract to shelter migrant children.

HR 343 further resolves that suitable copies of the resolution be delivered to the Illinois State Board of Investment, the State Universities Retirement System, the Teachers’ Retirement System, and the Office...

SB 0060

Repeal 3% Rule and Re-Enact 6% Rule

SB 60 amends the State Universities Retirement System and Teachers’ Retirement System Articles of the Illinois Pension Code to repeal the 3% rule and re-enact the 6% rule.

Specifically, SB 60 repeals the requirement that employers pay the present value of the resulting increase in benefits attributable to the portion of any salary increases in excess of 3% during the participant’s final...

SB 0075

Workplace Protections Omnibus

HA #1 to SB 75 contains several provisions designed to provide employee protections in the workplace. These include: protections against discrimination and harassment (including the rights of complainants); protections against non-disclosure clauses; annual training to prevent discrimination and harassment; the right to employment leave due to incidents of sexual violence and gender violence...

SB 0178

State Serial Long-Term Pension Obligation Bonds

SB 178 authorizes the issuance of $120.015 billion in State Serial Long-Term Pension Obligation Bonds to bring the funded status of the state pension systems up to 90 percent of assets to liabilities. (Currently, SURS is approximately funded at 40 percent of assets to liabilities.)

Specifically, SB 178 amends the General Obligation Bond Act to authorize the issuance of $120.015...

SB 0262

Fiscal Year 2020 Budget

House Amendment #1 to SB 262 contains the Fiscal Year 2020 Budget. HA #1 appropriates $1,854,692,000 for the state contribution to SURS for FY 2020. Of this amount, $1,639,692,000 comes from the General Revenue Fund and $215,000,000 comes from the State Pensions Fund. The FY 2020 certified state contribution to SURS is $1,854,692,000. HA #1 appropriates an amount that is equal to the...

SB 1187

Right to Shop Act

SB 1187 creates the Right to Shop Act. As it relates to SURS, SB 1187 requires the director of Central Management Services to conduct an analysis of the cost effectiveness of implementing an incentive-based program for enrollees and retirees of the state group health benefits plan offered under the State Employees Group Insurance Act of 1971. The analysis must be conducted no later than one...

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