Illinois SB 2596: REGULATION-TECH

Status: Rule 2-10 Third Reading/Passage Deadline Established As May 31, 2020 (as of 2020-05-15)

State: Illinois · Session: 101st · Bill: SB 2596

Sponsors: William E. Brady

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 Full Text of SB2596

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB2596

Introduced 2/25/2025, by Sen. Elgie R. Sims, Jr. 

SYNOPSIS AS INTRODUCED:

 Makes appropriations for the ordinary and contingent expenses of the State Universities Retirement System for the fiscal year beginning July 1, 2025, as follows: 

 General Funds $2,124,412,632
 Other State Funds $215,000,000
 Total $2,339,412,632

OMB104 00146 JCB 10146 b

SB2596OMB104 00146 JCB 10146 b

1 AN ACT concerning appropriations.

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

3represented in the General Assembly: 

4ARTICLE 1

5 Section 5. The sum of $2,104,446,000, or so much thereof 

6as may be necessary, is appropriated from the General Revenue 

7Fund to the State Universities Retirement System for the 

8State's contribution, as provided by law.

9 Section 10. The sum of $215,000,000, or so much thereof as 

10may be necessary, is appropriated from the State Pensions Fund 

11to the State Universities Retirement System pursuant to the 

12provisions of Section 8.12 of the State Finance Act.

13 Section 15. The sum of $10,966,632, or so much thereof as 

14may be necessary, is appropriated from the Education 

15Assistance Fund to the State Universities Retirement System 

16for deposit into the Community College Health Insurance 

17Security Fund for the State's contributions, as required by 

18law.

19 Section 20. The sum of $9,000,000, or so much thereof as 

20may be necessary, is appropriated from the General Revenue 

SB2596- 2 -OMB104 00146 JCB 10146 b

1Fund to the State Universities Retirement System for 

2additional State contributions associated with adjustments to 

3the earnings limitation specified in subsection (b) of Section 

415-111 of the Illino

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