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.

Senate

SB 3545
- No Investments in Major Opioid Manufacturers
Sponsor(s): Senator Andy Manar

SB 3545 amends the General Provisions article of the Illinois Pension Code.

SB 3545 prohibits the state-funded retirement systems from investing in major opioid manufacturers. By July 1, 2019, the Illinois Investment Policy Board must make its best efforts to identify all major opioid manufacturers and include those companies in the list of restricted companies distributed to each retirement system for this purpose.

SB 3545 takes effect in accordance with the Effective Date of Laws Act.

Status:

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SR 0113
- Oppose Tax on Retirement Income
Sponsor(s): Senator Thomas Cullerton

SR 113 resolves that the Illinois Senate believes that the Illinois Income Tax Act should not be amended to permit taxing retirement income.

Status:

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SR 0545
- Oppose Pension Cost Shift to Local Employers
Sponsor(s): Senator Sue Rezin

SR 545 resolves that the Illinois Senate believes 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.

Status: Senate Referred to Assignments Committee on May 26, 2017.

Status:

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SR 1413
- Oppose Pension Cost Shift to Local Employers
Sponsor(s): Senator Thomas Cullerton

SR 1413 resolves that the Illinois Senate believes 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.

Status:

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