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.

HB 0199

No Investments in Ford Motor Company

HB 199 amends the General Provisions Article of the Illinois Pension Code to prohibit the state-funded retirement systems from investing in Ford Motor Company and its subsidiaries.

Specifically, HB 199 requires the Illinois Investment Policy Board to make its best efforts to identify all subsidiaries of Ford Motor Company and include those companies in the list of restricted companies...

HB 0280

No Investments in Companies that Contract to Build Border Wall

HB 280 amends the General Provisions Article of the Illinois Pension Code to prohibit the state-funded retirement systems from investing in companies that contract to build a border wall. The term “contract to build a border wall” means entering into a contract with the federal government for construction pursuant to Section 4 of Executive Order 13767 of the President of the United States....

HB 0329

University Student Athlete Employees

HB 329 amends the University of Illinois Act, the Southern Illinois University Management Act, the Chicago State University Law, the Eastern Illinois University Law, the Governors State University Law, the Illinois State University Law, the Northeastern Illinois University Law, the Northern Illinois University Law and the Western Illinois University Law.

HB 329 requires each university...

HB 0350

Repeal 3% Rule and Re-Enact 6% Rule

HB 350 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, HB 350 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...

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...

HB 0902

Cannabis Legalization Equity Act

HB 902 creates the Cannabis Legalization Equity Act to legalize the use of cannabis for individuals aged 21 or older and provide for its taxation in a manner similar to alcohol.

As it relates to SURS, HB 902 requires proceeds from the excise tax imposed on the sale or transfer of cannabis to be transferred from the Cannabis Excise Tax Fund to the state-funded retirement systems every...

HJR 0016

State Sponsored Health Clinic Task Force

HJR 16 resolves by the Illinois House of Representatives, with concurrence of the Illinois Senate, that the state-sponsored Health Clinic Task Force is created to study the possibility of implementing a state of Illinois sponsored health clinic for state employees, dependents, and retirees, with the purpose of providing quality care and annual savings to the state’s overall group insurance...

HB 1576

Downstate Police and Firefighter Pension Funds Consolidation

HB 1576 requires certain downstate policemen’s pension funds and certain downstate firefighters’ pension funds to transfer their investment assets and authority to the Downstate Police Pension Investment Board and the Downstate Firefighter Pension Investment Board, respectively.

As it relates to SURS, HB 1576 increases the amount of the annual compliance fee paid by each pension fund to...

Pages

Subscribe to Legislation