Illinois HB 2564: HEALTH CARE LIENS-MAXIMUM

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 Full Text of HB2564

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 Senate Amendment 001 
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HB2564 EnrolledLRB104 05520 RPS 15549 b

1 AN ACT concerning public employee benefits.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Pension Code is amended by 

5changing Section 16-158 as follows:

6 (40 ILCS 5/16-158) (from Ch. 108 1/2, par. 16-158)

7 Sec. 16-158. Contributions by State and other employing 

8units. 

9 (a) The State shall make contributions to the System by 

10means of appropriations from the Common School Fund and other 

11State funds of amounts which, together with other employer 

12contributions, employee contributions, investment income, and 

13other income, will be sufficient to meet the cost of 

14maintaining and administering the System on a 90% funded basis 

15in accordance with actuarial recommendations.

16 The Board shall determine the amount of State 

17contributions required for each fiscal year on the basis of 

18the actuarial tables and other assumptions adopted by the 

19Board and the recommendations of the actuary, using the 

20formula in subsection (b-3).

21 (a-1) Annually, on or before November 15 until November 

2215, 2011, the Board shall certify to the Governor the amount of 

23the required State contribution for the coming fiscal year. 

HB2564 Enrolled- 2 -LRB104 05520 RPS 15549 b

1The certification under this subsection (a-1) shall include a 

2copy of the actuarial recommendations upon which it is based 

3and shall specifically identify the System's projected State 

4normal cost for that fiscal year.

5 On or before May 1, 2004, the Board shall recalculate and 

6recertify