Effect of backdating a contract

This amount is equal to the certified contribution for FY 2018. House Amendment #1 to HB 163 amends the General Provisions article of the Illinois Pension Code to require the disclosure of certain information related to the investments of public pension funds, retirement systems and investment boards in alternative investment funds.HB 163 defines an “alternative investment fund” as a private equity fund, hedge fund or absolute return fund.HB 299 applies the exemption created by Public Act 98-144 to this group of affected annuitants.It ensures that SURS-covered employers who hire SURS retirees with annualized retirement annuities of less than ,000 do not have to make the employer contribution to SURS.HB 315 amends the General Assembly Retirement System, State Employees Retirement System, State Universities Retirement System, Teachers Retirement System and Judges Retirement System Articles of the Illinois Pension Code.HB 315 applies to a SURS member who terminates service, meets the service credit requirements for retirement, has not received a retirement annuity from SURS, does not have a QILDRO in effect against him or her under SURS and is not a participant in the Self-Managed Plan. HB 315 requires SURS to calculate the net present value of pension benefits for each eligible person by Jan. SURS must offer each eligible person the opportunity to irrevocably elect to receive an accelerated pension benefit payment equal to 70 percent of the net present value of his or her pension benefits in lieu of receiving any pension benefit from SURS.Public Act 98-1144 created an exemption to this law to allow SURS-covered employers to avoid paying the employer contribution for SURS retirees who receive annualized retirement annuities of less than ,000.However, this exemption became effective on June 1, 2015; it does not apply to SURS retirees with annualized retirement annuities of less than ,000 who became affected annuitants between August 1, 2013, and May 31, 2015.

House Amendment #1 to HB 368 reinserts the original language of the legislation but changes the wording of item (4) under Section 15-168.1 so that it is identical to the corresponding language in the Teachers Retirement System and Chicago Teachers Pension Fund articles of the Illinois Pension Code.

House Amendment #1 to HB 117 appropriates

House Amendment #1 to HB 368 reinserts the original language of the legislation but changes the wording of item (4) under Section 15-168.1 so that it is identical to the corresponding language in the Teachers Retirement System and Chicago Teachers Pension Fund articles of the Illinois Pension Code.

House Amendment #1 to HB 117 appropriates $1,622,785,000 for the FY 2018 state contribution to SURS.

Of this amount, $1,407,785,000 comes from the General Revenue Fund and $215,000,000 comes from the State Pensions Fund.

HB 368 amends the State Universities Retirement System Article of the Illinois Pension Code to enhance the efficient administration of SURS. It makes one substantive change and five technical changes.

HB 368 authorizes the System to issue subpoenas in connection with an attempt to obtain information to assist in the collection of sums due to the System, all personal identifying information necessary for the administration of benefits and the determination of the death of a benefit recipient or a potential benefit recipient.

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House Amendment #1 to HB 368 reinserts the original language of the legislation but changes the wording of item (4) under Section 15-168.1 so that it is identical to the corresponding language in the Teachers Retirement System and Chicago Teachers Pension Fund articles of the Illinois Pension Code.House Amendment #1 to HB 117 appropriates $1,622,785,000 for the FY 2018 state contribution to SURS.Of this amount, $1,407,785,000 comes from the General Revenue Fund and $215,000,000 comes from the State Pensions Fund.HB 368 amends the State Universities Retirement System Article of the Illinois Pension Code to enhance the efficient administration of SURS. It makes one substantive change and five technical changes.HB 368 authorizes the System to issue subpoenas in connection with an attempt to obtain information to assist in the collection of sums due to the System, all personal identifying information necessary for the administration of benefits and the determination of the death of a benefit recipient or a potential benefit recipient.

,622,785,000 for the FY 2018 state contribution to SURS.

Of this amount,

House Amendment #1 to HB 368 reinserts the original language of the legislation but changes the wording of item (4) under Section 15-168.1 so that it is identical to the corresponding language in the Teachers Retirement System and Chicago Teachers Pension Fund articles of the Illinois Pension Code.

House Amendment #1 to HB 117 appropriates $1,622,785,000 for the FY 2018 state contribution to SURS.

Of this amount, $1,407,785,000 comes from the General Revenue Fund and $215,000,000 comes from the State Pensions Fund.

HB 368 amends the State Universities Retirement System Article of the Illinois Pension Code to enhance the efficient administration of SURS. It makes one substantive change and five technical changes.

HB 368 authorizes the System to issue subpoenas in connection with an attempt to obtain information to assist in the collection of sums due to the System, all personal identifying information necessary for the administration of benefits and the determination of the death of a benefit recipient or a potential benefit recipient.

||

House Amendment #1 to HB 368 reinserts the original language of the legislation but changes the wording of item (4) under Section 15-168.1 so that it is identical to the corresponding language in the Teachers Retirement System and Chicago Teachers Pension Fund articles of the Illinois Pension Code.House Amendment #1 to HB 117 appropriates $1,622,785,000 for the FY 2018 state contribution to SURS.Of this amount, $1,407,785,000 comes from the General Revenue Fund and $215,000,000 comes from the State Pensions Fund.HB 368 amends the State Universities Retirement System Article of the Illinois Pension Code to enhance the efficient administration of SURS. It makes one substantive change and five technical changes.HB 368 authorizes the System to issue subpoenas in connection with an attempt to obtain information to assist in the collection of sums due to the System, all personal identifying information necessary for the administration of benefits and the determination of the death of a benefit recipient or a potential benefit recipient.

,407,785,000 comes from the General Revenue Fund and 5,000,000 comes from the State Pensions Fund.

HB 368 amends the State Universities Retirement System Article of the Illinois Pension Code to enhance the efficient administration of SURS. It makes one substantive change and five technical changes.

HB 368 authorizes the System to issue subpoenas in connection with an attempt to obtain information to assist in the collection of sums due to the System, all personal identifying information necessary for the administration of benefits and the determination of the death of a benefit recipient or a potential benefit recipient.

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