Illinois 2023-2024 Regular Session

Illinois Senate Bill SB2627 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB2627 Introduced 10/25/2023, by Sen. Rachel Ventura SYNOPSIS AS INTRODUCED: 40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158105 ILCS 5/24-8 from Ch. 122, par. 24-8 Amends the Downstate Teachers Article of Illinois Pension Code. Specifies that the provision that requires an employer to make an additional contribution to the System for certain salary increases greater than 6% excludes salary increases necessary to bring a school board in compliance with the changes to the minimum salary provisions of the School Code under the amendatory Act. Amends the Employment of Teachers Article of the School Code. In provisions concerning the minimum salary, provides that the minimum salary shall be $50,000 for the 2024-2025 school year, $55,000 for the 2025-2026 school year, and $60,000 for the 2026-2027 school year. Provides that the Commission on Government Forecasting and Accountability shall certify and publish the minimum salary rate to be used for the 2027-2028 school year (rather than for the 2024-2025 school year) no later than September 30, 2026 (rather than September 30, 2023); makes conforming changes. LRB103 34052 RJT 63869 b STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB2627 Introduced 10/25/2023, by Sen. Rachel Ventura SYNOPSIS AS INTRODUCED: 40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158105 ILCS 5/24-8 from Ch. 122, par. 24-8 40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158 105 ILCS 5/24-8 from Ch. 122, par. 24-8 Amends the Downstate Teachers Article of Illinois Pension Code. Specifies that the provision that requires an employer to make an additional contribution to the System for certain salary increases greater than 6% excludes salary increases necessary to bring a school board in compliance with the changes to the minimum salary provisions of the School Code under the amendatory Act. Amends the Employment of Teachers Article of the School Code. In provisions concerning the minimum salary, provides that the minimum salary shall be $50,000 for the 2024-2025 school year, $55,000 for the 2025-2026 school year, and $60,000 for the 2026-2027 school year. Provides that the Commission on Government Forecasting and Accountability shall certify and publish the minimum salary rate to be used for the 2027-2028 school year (rather than for the 2024-2025 school year) no later than September 30, 2026 (rather than September 30, 2023); makes conforming changes. LRB103 34052 RJT 63869 b LRB103 34052 RJT 63869 b STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB2627 Introduced 10/25/2023, by Sen. Rachel Ventura SYNOPSIS AS INTRODUCED:
3	3	40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158105 ILCS 5/24-8 from Ch. 122, par. 24-8 40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158 105 ILCS 5/24-8 from Ch. 122, par. 24-8
4	4	40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158
5	5	105 ILCS 5/24-8 from Ch. 122, par. 24-8
6	6	Amends the Downstate Teachers Article of Illinois Pension Code. Specifies that the provision that requires an employer to make an additional contribution to the System for certain salary increases greater than 6% excludes salary increases necessary to bring a school board in compliance with the changes to the minimum salary provisions of the School Code under the amendatory Act. Amends the Employment of Teachers Article of the School Code. In provisions concerning the minimum salary, provides that the minimum salary shall be $50,000 for the 2024-2025 school year, $55,000 for the 2025-2026 school year, and $60,000 for the 2026-2027 school year. Provides that the Commission on Government Forecasting and Accountability shall certify and publish the minimum salary rate to be used for the 2027-2028 school year (rather than for the 2024-2025 school year) no later than September 30, 2026 (rather than September 30, 2023); makes conforming changes.
7	7	LRB103 34052 RJT 63869 b LRB103 34052 RJT 63869 b
8	8	LRB103 34052 RJT 63869 b
9	9	STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
10	10	STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
11	11	A BILL FOR
12	12	SB2627LRB103 34052 RJT 63869 b SB2627 LRB103 34052 RJT 63869 b
13	13	SB2627 LRB103 34052 RJT 63869 b
14	14	1 AN ACT concerning education.
15	15	2 Be it enacted by the People of the State of Illinois,
16	16	3 represented in the General Assembly:
17	17	4 Section 5. The Illinois Pension Code is amended by
18	18	5 changing Section 16-158 as follows:
19	19	6 (40 ILCS 5/16-158) (from Ch. 108 1/2, par. 16-158)
20	20	7 Sec. 16-158. Contributions by State and other employing
21	21	8 units.
22	22	9 (a) The State shall make contributions to the System by
23	23	10 means of appropriations from the Common School Fund and other
24	24	11 State funds of amounts which, together with other employer
25	25	12 contributions, employee contributions, investment income, and
26	26	13 other income, will be sufficient to meet the cost of
27	27	14 maintaining and administering the System on a 90% funded basis
28	28	15 in accordance with actuarial recommendations.
29	29	16 The Board shall determine the amount of State
30	30	17 contributions required for each fiscal year on the basis of
31	31	18 the actuarial tables and other assumptions adopted by the
32	32	19 Board and the recommendations of the actuary, using the
33	33	20 formula in subsection (b-3).
34	34	21 (a-1) Annually, on or before November 15 until November
35	35	22 15, 2011, the Board shall certify to the Governor the amount of
36	36	23 the required State contribution for the coming fiscal year.
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40	40	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB2627 Introduced 10/25/2023, by Sen. Rachel Ventura SYNOPSIS AS INTRODUCED:
41	41	40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158105 ILCS 5/24-8 from Ch. 122, par. 24-8 40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158 105 ILCS 5/24-8 from Ch. 122, par. 24-8
42	42	40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158
43	43	105 ILCS 5/24-8 from Ch. 122, par. 24-8
44	44	Amends the Downstate Teachers Article of Illinois Pension Code. Specifies that the provision that requires an employer to make an additional contribution to the System for certain salary increases greater than 6% excludes salary increases necessary to bring a school board in compliance with the changes to the minimum salary provisions of the School Code under the amendatory Act. Amends the Employment of Teachers Article of the School Code. In provisions concerning the minimum salary, provides that the minimum salary shall be $50,000 for the 2024-2025 school year, $55,000 for the 2025-2026 school year, and $60,000 for the 2026-2027 school year. Provides that the Commission on Government Forecasting and Accountability shall certify and publish the minimum salary rate to be used for the 2027-2028 school year (rather than for the 2024-2025 school year) no later than September 30, 2026 (rather than September 30, 2023); makes conforming changes.
45	45	LRB103 34052 RJT 63869 b LRB103 34052 RJT 63869 b
46	46	LRB103 34052 RJT 63869 b
47	47	STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
48	48	STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
49	49	A BILL FOR
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55	55	40 ILCS 5/16-158 from Ch. 108 1/2, par. 16-158
56	56	105 ILCS 5/24-8 from Ch. 122, par. 24-8
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62	62	STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
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79	79	1 The certification under this subsection (a-1) shall include a
80	80	2 copy of the actuarial recommendations upon which it is based
81	81	3 and shall specifically identify the System's projected State
82	82	4 normal cost for that fiscal year.
83	83	5 On or before May 1, 2004, the Board shall recalculate and
84	84	6 recertify to the Governor the amount of the required State
85	85	7 contribution to the System for State fiscal year 2005, taking
86	86	8 into account the amounts appropriated to and received by the
87	87	9 System under subsection (d) of Section 7.2 of the General
88	88	10 Obligation Bond Act.
89	89	11 On or before July 1, 2005, the Board shall recalculate and
90	90	12 recertify to the Governor the amount of the required State
91	91	13 contribution to the System for State fiscal year 2006, taking
92	92	14 into account the changes in required State contributions made
93	93	15 by Public Act 94-4.
94	94	16 On or before April 1, 2011, the Board shall recalculate
95	95	17 and recertify to the Governor the amount of the required State
96	96	18 contribution to the System for State fiscal year 2011,
97	97	19 applying the changes made by Public Act 96-889 to the System's
98	98	20 assets and liabilities as of June 30, 2009 as though Public Act
99	99	21 96-889 was approved on that date.
100	100	22 (a-5) On or before November 1 of each year, beginning
101	101	23 November 1, 2012, the Board shall submit to the State Actuary,
102	102	24 the Governor, and the General Assembly a proposed
103	103	25 certification of the amount of the required State contribution
104	104	26 to the System for the next fiscal year, along with all of the
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115	115	1 actuarial assumptions, calculations, and data upon which that
116	116	2 proposed certification is based. On or before January 1 of
117	117	3 each year, beginning January 1, 2013, the State Actuary shall
118	118	4 issue a preliminary report concerning the proposed
119	119	5 certification and identifying, if necessary, recommended
120	120	6 changes in actuarial assumptions that the Board must consider
121	121	7 before finalizing its certification of the required State
122	122	8 contributions. On or before January 15, 2013 and each January
123	123	9 15 thereafter, the Board shall certify to the Governor and the
124	124	10 General Assembly the amount of the required State contribution
125	125	11 for the next fiscal year. The Board's certification must note
126	126	12 any deviations from the State Actuary's recommended changes,
127	127	13 the reason or reasons for not following the State Actuary's
128	128	14 recommended changes, and the fiscal impact of not following
129	129	15 the State Actuary's recommended changes on the required State
130	130	16 contribution.
131	131	17 (a-10) By November 1, 2017, the Board shall recalculate
132	132	18 and recertify to the State Actuary, the Governor, and the
133	133	19 General Assembly the amount of the State contribution to the
134	134	20 System for State fiscal year 2018, taking into account the
135	135	21 changes in required State contributions made by Public Act
136	136	22 100-23. The State Actuary shall review the assumptions and
137	137	23 valuations underlying the Board's revised certification and
138	138	24 issue a preliminary report concerning the proposed
139	139	25 recertification and identifying, if necessary, recommended
140	140	26 changes in actuarial assumptions that the Board must consider
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151	151	1 before finalizing its certification of the required State
152	152	2 contributions. The Board's final certification must note any
153	153	3 deviations from the State Actuary's recommended changes, the
154	154	4 reason or reasons for not following the State Actuary's
155	155	5 recommended changes, and the fiscal impact of not following
156	156	6 the State Actuary's recommended changes on the required State
157	157	7 contribution.
158	158	8 (a-15) On or after June 15, 2019, but no later than June
159	159	9 30, 2019, the Board shall recalculate and recertify to the
160	160	10 Governor and the General Assembly the amount of the State
161	161	11 contribution to the System for State fiscal year 2019, taking
162	162	12 into account the changes in required State contributions made
163	163	13 by Public Act 100-587. The recalculation shall be made using
164	164	14 assumptions adopted by the Board for the original fiscal year
165	165	15 2019 certification. The monthly voucher for the 12th month of
166	166	16 fiscal year 2019 shall be paid by the Comptroller after the
167	167	17 recertification required pursuant to this subsection is
168	168	18 submitted to the Governor, Comptroller, and General Assembly.
169	169	19 The recertification submitted to the General Assembly shall be
170	170	20 filed with the Clerk of the House of Representatives and the
171	171	21 Secretary of the Senate in electronic form only, in the manner
172	172	22 that the Clerk and the Secretary shall direct.
173	173	23 (b) Through State fiscal year 1995, the State
174	174	24 contributions shall be paid to the System in accordance with
175	175	25 Section 18-7 of the School Code.
176	176	26 (b-1) Beginning in State fiscal year 1996, on the 15th day
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187	187	1 of each month, or as soon thereafter as may be practicable, the
188	188	2 Board shall submit vouchers for payment of State contributions
189	189	3 to the System, in a total monthly amount of one-twelfth of the
190	190	4 required annual State contribution certified under subsection
191	191	5 (a-1). From March 5, 2004 (the effective date of Public Act
192	192	6 93-665) through June 30, 2004, the Board shall not submit
193	193	7 vouchers for the remainder of fiscal year 2004 in excess of the
194	194	8 fiscal year 2004 certified contribution amount determined
195	195	9 under this Section after taking into consideration the
196	196	10 transfer to the System under subsection (a) of Section 6z-61
197	197	11 of the State Finance Act. These vouchers shall be paid by the
198	198	12 State Comptroller and Treasurer by warrants drawn on the funds
199	199	13 appropriated to the System for that fiscal year.
200	200	14 If in any month the amount remaining unexpended from all
201	201	15 other appropriations to the System for the applicable fiscal
202	202	16 year (including the appropriations to the System under Section
203	203	17 8.12 of the State Finance Act and Section 1 of the State
204	204	18 Pension Funds Continuing Appropriation Act) is less than the
205	205	19 amount lawfully vouchered under this subsection, the
206	206	20 difference shall be paid from the Common School Fund under the
207	207	21 continuing appropriation authority provided in Section 1.1 of
208	208	22 the State Pension Funds Continuing Appropriation Act.
209	209	23 (b-2) Allocations from the Common School Fund apportioned
210	210	24 to school districts not coming under this System shall not be
211	211	25 diminished or affected by the provisions of this Article.
212	212	26 (b-3) For State fiscal years 2012 through 2045, the
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223	223	1 minimum contribution to the System to be made by the State for
224	224	2 each fiscal year shall be an amount determined by the System to
225	225	3 be sufficient to bring the total assets of the System up to 90%
226	226	4 of the total actuarial liabilities of the System by the end of
227	227	5 State fiscal year 2045. In making these determinations, the
228	228	6 required State contribution shall be calculated each year as a
229	229	7 level percentage of payroll over the years remaining to and
230	230	8 including fiscal year 2045 and shall be determined under the
231	231	9 projected unit credit actuarial cost method.
232	232	10 For each of State fiscal years 2018, 2019, and 2020, the
233	233	11 State shall make an additional contribution to the System
234	234	12 equal to 2% of the total payroll of each employee who is deemed
235	235	13 to have elected the benefits under Section 1-161 or who has
236	236	14 made the election under subsection (c) of Section 1-161.
237	237	15 A change in an actuarial or investment assumption that
238	238	16 increases or decreases the required State contribution and
239	239	17 first applies in State fiscal year 2018 or thereafter shall be
240	240	18 implemented in equal annual amounts over a 5-year period
241	241	19 beginning in the State fiscal year in which the actuarial
242	242	20 change first applies to the required State contribution.
243	243	21 A change in an actuarial or investment assumption that
244	244	22 increases or decreases the required State contribution and
245	245	23 first applied to the State contribution in fiscal year 2014,
246	246	24 2015, 2016, or 2017 shall be implemented:
247	247	25 (i) as already applied in State fiscal years before
248	248	26 2018; and
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259	259	1 (ii) in the portion of the 5-year period beginning in
260	260	2 the State fiscal year in which the actuarial change first
261	261	3 applied that occurs in State fiscal year 2018 or
262	262	4 thereafter, by calculating the change in equal annual
263	263	5 amounts over that 5-year period and then implementing it
264	264	6 at the resulting annual rate in each of the remaining
265	265	7 fiscal years in that 5-year period.
266	266	8 For State fiscal years 1996 through 2005, the State
267	267	9 contribution to the System, as a percentage of the applicable
268	268	10 employee payroll, shall be increased in equal annual
269	269	11 increments so that by State fiscal year 2011, the State is
270	270	12 contributing at the rate required under this Section; except
271	271	13 that in the following specified State fiscal years, the State
272	272	14 contribution to the System shall not be less than the
273	273	15 following indicated percentages of the applicable employee
274	274	16 payroll, even if the indicated percentage will produce a State
275	275	17 contribution in excess of the amount otherwise required under
276	276	18 this subsection and subsection (a), and notwithstanding any
277	277	19 contrary certification made under subsection (a-1) before May
278	278	20 27, 1998 (the effective date of Public Act 90-582): 10.02% in
279	279	21 FY 1999; 10.77% in FY 2000; 11.47% in FY 2001; 12.16% in FY
280	280	22 2002; 12.86% in FY 2003; and 13.56% in FY 2004.
281	281	23 Notwithstanding any other provision of this Article, the
282	282	24 total required State contribution for State fiscal year 2006
283	283	25 is $534,627,700.
284	284	26 Notwithstanding any other provision of this Article, the
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295	295	1 total required State contribution for State fiscal year 2007
296	296	2 is $738,014,500.
297	297	3 For each of State fiscal years 2008 through 2009, the
298	298	4 State contribution to the System, as a percentage of the
299	299	5 applicable employee payroll, shall be increased in equal
300	300	6 annual increments from the required State contribution for
301	301	7 State fiscal year 2007, so that by State fiscal year 2011, the
302	302	8 State is contributing at the rate otherwise required under
303	303	9 this Section.
304	304	10 Notwithstanding any other provision of this Article, the
305	305	11 total required State contribution for State fiscal year 2010
306	306	12 is $2,089,268,000 and shall be made from the proceeds of bonds
307	307	13 sold in fiscal year 2010 pursuant to Section 7.2 of the General
308	308	14 Obligation Bond Act, less (i) the pro rata share of bond sale
309	309	15 expenses determined by the System's share of total bond
310	310	16 proceeds, (ii) any amounts received from the Common School
311	311	17 Fund in fiscal year 2010, and (iii) any reduction in bond
312	312	18 proceeds due to the issuance of discounted bonds, if
313	313	19 applicable.
314	314	20 Notwithstanding any other provision of this Article, the
315	315	21 total required State contribution for State fiscal year 2011
316	316	22 is the amount recertified by the System on or before April 1,
317	317	23 2011 pursuant to subsection (a-1) of this Section and shall be
318	318	24 made from the proceeds of bonds sold in fiscal year 2011
319	319	25 pursuant to Section 7.2 of the General Obligation Bond Act,
320	320	26 less (i) the pro rata share of bond sale expenses determined by
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331	331	1 the System's share of total bond proceeds, (ii) any amounts
332	332	2 received from the Common School Fund in fiscal year 2011, and
333	333	3 (iii) any reduction in bond proceeds due to the issuance of
334	334	4 discounted bonds, if applicable. This amount shall include, in
335	335	5 addition to the amount certified by the System, an amount
336	336	6 necessary to meet employer contributions required by the State
337	337	7 as an employer under paragraph (e) of this Section, which may
338	338	8 also be used by the System for contributions required by
339	339	9 paragraph (a) of Section 16-127.
340	340	10 Beginning in State fiscal year 2046, the minimum State
341	341	11 contribution for each fiscal year shall be the amount needed
342	342	12 to maintain the total assets of the System at 90% of the total
343	343	13 actuarial liabilities of the System.
344	344	14 Amounts received by the System pursuant to Section 25 of
345	345	15 the Budget Stabilization Act or Section 8.12 of the State
346	346	16 Finance Act in any fiscal year do not reduce and do not
347	347	17 constitute payment of any portion of the minimum State
348	348	18 contribution required under this Article in that fiscal year.
349	349	19 Such amounts shall not reduce, and shall not be included in the
350	350	20 calculation of, the required State contributions under this
351	351	21 Article in any future year until the System has reached a
352	352	22 funding ratio of at least 90%. A reference in this Article to
353	353	23 the "required State contribution" or any substantially similar
354	354	24 term does not include or apply to any amounts payable to the
355	355	25 System under Section 25 of the Budget Stabilization Act.
356	356	26 Notwithstanding any other provision of this Section, the
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367	367	1 required State contribution for State fiscal year 2005 and for
368	368	2 fiscal year 2008 and each fiscal year thereafter, as
369	369	3 calculated under this Section and certified under subsection
370	370	4 (a-1), shall not exceed an amount equal to (i) the amount of
371	371	5 the required State contribution that would have been
372	372	6 calculated under this Section for that fiscal year if the
373	373	7 System had not received any payments under subsection (d) of
374	374	8 Section 7.2 of the General Obligation Bond Act, minus (ii) the
375	375	9 portion of the State's total debt service payments for that
376	376	10 fiscal year on the bonds issued in fiscal year 2003 for the
377	377	11 purposes of that Section 7.2, as determined and certified by
378	378	12 the Comptroller, that is the same as the System's portion of
379	379	13 the total moneys distributed under subsection (d) of Section
380	380	14 7.2 of the General Obligation Bond Act. In determining this
381	381	15 maximum for State fiscal years 2008 through 2010, however, the
382	382	16 amount referred to in item (i) shall be increased, as a
383	383	17 percentage of the applicable employee payroll, in equal
384	384	18 increments calculated from the sum of the required State
385	385	19 contribution for State fiscal year 2007 plus the applicable
386	386	20 portion of the State's total debt service payments for fiscal
387	387	21 year 2007 on the bonds issued in fiscal year 2003 for the
388	388	22 purposes of Section 7.2 of the General Obligation Bond Act, so
389	389	23 that, by State fiscal year 2011, the State is contributing at
390	390	24 the rate otherwise required under this Section.
391	391	25 (b-4) Beginning in fiscal year 2018, each employer under
392	392	26 this Article shall pay to the System a required contribution
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403	403	1 determined as a percentage of projected payroll and sufficient
404	404	2 to produce an annual amount equal to:
405	405	3 (i) for each of fiscal years 2018, 2019, and 2020, the
406	406	4 defined benefit normal cost of the defined benefit plan,
407	407	5 less the employee contribution, for each employee of that
408	408	6 employer who has elected or who is deemed to have elected
409	409	7 the benefits under Section 1-161 or who has made the
410	410	8 election under subsection (b) of Section 1-161; for fiscal
411	411	9 year 2021 and each fiscal year thereafter, the defined
412	412	10 benefit normal cost of the defined benefit plan, less the
413	413	11 employee contribution, plus 2%, for each employee of that
414	414	12 employer who has elected or who is deemed to have elected
415	415	13 the benefits under Section 1-161 or who has made the
416	416	14 election under subsection (b) of Section 1-161; plus
417	417	15 (ii) the amount required for that fiscal year to
418	418	16 amortize any unfunded actuarial accrued liability
419	419	17 associated with the present value of liabilities
420	420	18 attributable to the employer's account under Section
421	421	19 16-158.3, determined as a level percentage of payroll over
422	422	20 a 30-year rolling amortization period.
423	423	21 In determining contributions required under item (i) of
424	424	22 this subsection, the System shall determine an aggregate rate
425	425	23 for all employers, expressed as a percentage of projected
426	426	24 payroll.
427	427	25 In determining the contributions required under item (ii)
428	428	26 of this subsection, the amount shall be computed by the System
429	429
430	430
431	431
432	432
433	433
434	434	SB2627 - 11 - LRB103 34052 RJT 63869 b
435	435
436	436
437	437	SB2627- 12 -LRB103 34052 RJT 63869 b SB2627 - 12 - LRB103 34052 RJT 63869 b
438	438	SB2627 - 12 - LRB103 34052 RJT 63869 b
439	439	1 on the basis of the actuarial assumptions and tables used in
440	440	2 the most recent actuarial valuation of the System that is
441	441	3 available at the time of the computation.
442	442	4 The contributions required under this subsection (b-4)
443	443	5 shall be paid by an employer concurrently with that employer's
444	444	6 payroll payment period. The State, as the actual employer of
445	445	7 an employee, shall make the required contributions under this
446	446	8 subsection.
447	447	9 (c) Payment of the required State contributions and of all
448	448	10 pensions, retirement annuities, death benefits, refunds, and
449	449	11 other benefits granted under or assumed by this System, and
450	450	12 all expenses in connection with the administration and
451	451	13 operation thereof, are obligations of the State.
452	452	14 If members are paid from special trust or federal funds
453	453	15 which are administered by the employing unit, whether school
454	454	16 district or other unit, the employing unit shall pay to the
455	455	17 System from such funds the full accruing retirement costs
456	456	18 based upon that service, which, beginning July 1, 2017, shall
457	457	19 be at a rate, expressed as a percentage of salary, equal to the
458	458	20 total employer's normal cost, expressed as a percentage of
459	459	21 payroll, as determined by the System. Employer contributions,
460	460	22 based on salary paid to members from federal funds, may be
461	461	23 forwarded by the distributing agency of the State of Illinois
462	462	24 to the System prior to allocation, in an amount determined in
463	463	25 accordance with guidelines established by such agency and the
464	464	26 System. Any contribution for fiscal year 2015 collected as a
465	465
466	466
467	467
468	468
469	469
470	470	SB2627 - 12 - LRB103 34052 RJT 63869 b
471	471
472	472
473	473	SB2627- 13 -LRB103 34052 RJT 63869 b SB2627 - 13 - LRB103 34052 RJT 63869 b
474	474	SB2627 - 13 - LRB103 34052 RJT 63869 b
475	475	1 result of the change made by Public Act 98-674 shall be
476	476	2 considered a State contribution under subsection (b-3) of this
477	477	3 Section.
478	478	4 (d) Effective July 1, 1986, any employer of a teacher as
479	479	5 defined in paragraph (8) of Section 16-106 shall pay the
480	480	6 employer's normal cost of benefits based upon the teacher's
481	481	7 service, in addition to employee contributions, as determined
482	482	8 by the System. Such employer contributions shall be forwarded
483	483	9 monthly in accordance with guidelines established by the
484	484	10 System.
485	485	11 However, with respect to benefits granted under Section
486	486	12 16-133.4 or 16-133.5 to a teacher as defined in paragraph (8)
487	487	13 of Section 16-106, the employer's contribution shall be 12%
488	488	14 (rather than 20%) of the member's highest annual salary rate
489	489	15 for each year of creditable service granted, and the employer
490	490	16 shall also pay the required employee contribution on behalf of
491	491	17 the teacher. For the purposes of Sections 16-133.4 and
492	492	18 16-133.5, a teacher as defined in paragraph (8) of Section
493	493	19 16-106 who is serving in that capacity while on leave of
494	494	20 absence from another employer under this Article shall not be
495	495	21 considered an employee of the employer from which the teacher
496	496	22 is on leave.
497	497	23 (e) Beginning July 1, 1998, every employer of a teacher
498	498	24 shall pay to the System an employer contribution computed as
499	499	25 follows:
500	500	26 (1) Beginning July 1, 1998 through June 30, 1999, the
501	501
502	502
503	503
504	504
505	505
506	506	SB2627 - 13 - LRB103 34052 RJT 63869 b
507	507
508	508
509	509	SB2627- 14 -LRB103 34052 RJT 63869 b SB2627 - 14 - LRB103 34052 RJT 63869 b
510	510	SB2627 - 14 - LRB103 34052 RJT 63869 b
511	511	1 employer contribution shall be equal to 0.3% of each
512	512	2 teacher's salary.
513	513	3 (2) Beginning July 1, 1999 and thereafter, the
514	514	4 employer contribution shall be equal to 0.58% of each
515	515	5 teacher's salary.
516	516	6 The school district or other employing unit may pay these
517	517	7 employer contributions out of any source of funding available
518	518	8 for that purpose and shall forward the contributions to the
519	519	9 System on the schedule established for the payment of member
520	520	10 contributions.
521	521	11 These employer contributions are intended to offset a
522	522	12 portion of the cost to the System of the increases in
523	523	13 retirement benefits resulting from Public Act 90-582.
524	524	14 Each employer of teachers is entitled to a credit against
525	525	15 the contributions required under this subsection (e) with
526	526	16 respect to salaries paid to teachers for the period January 1,
527	527	17 2002 through June 30, 2003, equal to the amount paid by that
528	528	18 employer under subsection (a-5) of Section 6.6 of the State
529	529	19 Employees Group Insurance Act of 1971 with respect to salaries
530	530	20 paid to teachers for that period.
531	531	21 The additional 1% employee contribution required under
532	532	22 Section 16-152 by Public Act 90-582 is the responsibility of
533	533	23 the teacher and not the teacher's employer, unless the
534	534	24 employer agrees, through collective bargaining or otherwise,
535	535	25 to make the contribution on behalf of the teacher.
536	536	26 If an employer is required by a contract in effect on May
537	537
538	538
539	539
540	540
541	541
542	542	SB2627 - 14 - LRB103 34052 RJT 63869 b
543	543
544	544
545	545	SB2627- 15 -LRB103 34052 RJT 63869 b SB2627 - 15 - LRB103 34052 RJT 63869 b
546	546	SB2627 - 15 - LRB103 34052 RJT 63869 b
547	547	1 1, 1998 between the employer and an employee organization to
548	548	2 pay, on behalf of all its full-time employees covered by this
549	549	3 Article, all mandatory employee contributions required under
550	550	4 this Article, then the employer shall be excused from paying
551	551	5 the employer contribution required under this subsection (e)
552	552	6 for the balance of the term of that contract. The employer and
553	553	7 the employee organization shall jointly certify to the System
554	554	8 the existence of the contractual requirement, in such form as
555	555	9 the System may prescribe. This exclusion shall cease upon the
556	556	10 termination, extension, or renewal of the contract at any time
557	557	11 after May 1, 1998.
558	558	12 (f) If the amount of a teacher's salary for any school year
559	559	13 used to determine final average salary exceeds the member's
560	560	14 annual full-time salary rate with the same employer for the
561	561	15 previous school year by more than 6%, the teacher's employer
562	562	16 shall pay to the System, in addition to all other payments
563	563	17 required under this Section and in accordance with guidelines
564	564	18 established by the System, the present value of the increase
565	565	19 in benefits resulting from the portion of the increase in
566	566	20 salary that is in excess of 6%. This present value shall be
567	567	21 computed by the System on the basis of the actuarial
568	568	22 assumptions and tables used in the most recent actuarial
569	569	23 valuation of the System that is available at the time of the
570	570	24 computation. If a teacher's salary for the 2005-2006 school
571	571	25 year is used to determine final average salary under this
572	572	26 subsection (f), then the changes made to this subsection (f)
573	573
574	574
575	575
576	576
577	577
578	578	SB2627 - 15 - LRB103 34052 RJT 63869 b
579	579
580	580
581	581	SB2627- 16 -LRB103 34052 RJT 63869 b SB2627 - 16 - LRB103 34052 RJT 63869 b
582	582	SB2627 - 16 - LRB103 34052 RJT 63869 b
583	583	1 by Public Act 94-1057 shall apply in calculating whether the
584	584	2 increase in his or her salary is in excess of 6%. For the
585	585	3 purposes of this Section, change in employment under Section
586	586	4 10-21.12 of the School Code on or after June 1, 2005 shall
587	587	5 constitute a change in employer. The System may require the
588	588	6 employer to provide any pertinent information or
589	589	7 documentation. The changes made to this subsection (f) by
590	590	8 Public Act 94-1111 apply without regard to whether the teacher
591	591	9 was in service on or after its effective date.
592	592	10 Whenever it determines that a payment is or may be
593	593	11 required under this subsection, the System shall calculate the
594	594	12 amount of the payment and bill the employer for that amount.
595	595	13 The bill shall specify the calculations used to determine the
596	596	14 amount due. If the employer disputes the amount of the bill, it
597	597	15 may, within 30 days after receipt of the bill, apply to the
598	598	16 System in writing for a recalculation. The application must
599	599	17 specify in detail the grounds of the dispute and, if the
600	600	18 employer asserts that the calculation is subject to subsection
601	601	19 (g), (g-5), (g-10), (g-15), (g-20), or (h) of this Section,
602	602	20 must include an affidavit setting forth and attesting to all
603	603	21 facts within the employer's knowledge that are pertinent to
604	604	22 the applicability of that subsection. Upon receiving a timely
605	605	23 application for recalculation, the System shall review the
606	606	24 application and, if appropriate, recalculate the amount due.
607	607	25 The employer contributions required under this subsection
608	608	26 (f) may be paid in the form of a lump sum within 90 days after
609	609
610	610
611	611
612	612
613	613
614	614	SB2627 - 16 - LRB103 34052 RJT 63869 b
615	615
616	616
617	617	SB2627- 17 -LRB103 34052 RJT 63869 b SB2627 - 17 - LRB103 34052 RJT 63869 b
618	618	SB2627 - 17 - LRB103 34052 RJT 63869 b
619	619	1 receipt of the bill. If the employer contributions are not
620	620	2 paid within 90 days after receipt of the bill, then interest
621	621	3 will be charged at a rate equal to the System's annual
622	622	4 actuarially assumed rate of return on investment compounded
623	623	5 annually from the 91st day after receipt of the bill. Payments
624	624	6 must be concluded within 3 years after the employer's receipt
625	625	7 of the bill.
626	626	8 (f-1) (Blank).
627	627	9 (g) This subsection (g) applies only to payments made or
628	628	10 salary increases given on or after June 1, 2005 but before July
629	629	11 1, 2011. The changes made by Public Act 94-1057 shall not
630	630	12 require the System to refund any payments received before July
631	631	13 31, 2006 (the effective date of Public Act 94-1057).
632	632	14 When assessing payment for any amount due under subsection
633	633	15 (f), the System shall exclude salary increases paid to
634	634	16 teachers under contracts or collective bargaining agreements
635	635	17 entered into, amended, or renewed before June 1, 2005.
636	636	18 When assessing payment for any amount due under subsection
637	637	19 (f), the System shall exclude salary increases paid to a
638	638	20 teacher at a time when the teacher is 10 or more years from
639	639	21 retirement eligibility under Section 16-132 or 16-133.2.
640	640	22 When assessing payment for any amount due under subsection
641	641	23 (f), the System shall exclude salary increases resulting from
642	642	24 overload work, including summer school, when the school
643	643	25 district has certified to the System, and the System has
644	644	26 approved the certification, that (i) the overload work is for
645	645
646	646
647	647
648	648
649	649
650	650	SB2627 - 17 - LRB103 34052 RJT 63869 b
651	651
652	652
653	653	SB2627- 18 -LRB103 34052 RJT 63869 b SB2627 - 18 - LRB103 34052 RJT 63869 b
654	654	SB2627 - 18 - LRB103 34052 RJT 63869 b
655	655	1 the sole purpose of classroom instruction in excess of the
656	656	2 standard number of classes for a full-time teacher in a school
657	657	3 district during a school year and (ii) the salary increases
658	658	4 are equal to or less than the rate of pay for classroom
659	659	5 instruction computed on the teacher's current salary and work
660	660	6 schedule.
661	661	7 When assessing payment for any amount due under subsection
662	662	8 (f), the System shall exclude a salary increase resulting from
663	663	9 a promotion (i) for which the employee is required to hold a
664	664	10 certificate or supervisory endorsement issued by the State
665	665	11 Teacher Certification Board that is a different certification
666	666	12 or supervisory endorsement than is required for the teacher's
667	667	13 previous position and (ii) to a position that has existed and
668	668	14 been filled by a member for no less than one complete academic
669	669	15 year and the salary increase from the promotion is an increase
670	670	16 that results in an amount no greater than the lesser of the
671	671	17 average salary paid for other similar positions in the
672	672	18 district requiring the same certification or the amount
673	673	19 stipulated in the collective bargaining agreement for a
674	674	20 similar position requiring the same certification.
675	675	21 When assessing payment for any amount due under subsection
676	676	22 (f), the System shall exclude any payment to the teacher from
677	677	23 the State of Illinois or the State Board of Education over
678	678	24 which the employer does not have discretion, notwithstanding
679	679	25 that the payment is included in the computation of final
680	680	26 average salary.
681	681
682	682
683	683
684	684
685	685
686	686	SB2627 - 18 - LRB103 34052 RJT 63869 b
687	687
688	688
689	689	SB2627- 19 -LRB103 34052 RJT 63869 b SB2627 - 19 - LRB103 34052 RJT 63869 b
690	690	SB2627 - 19 - LRB103 34052 RJT 63869 b
691	691	1 (g-5) When assessing payment for any amount due under
692	692	2 subsection (f), the System shall exclude salary increases
693	693	3 resulting from overload or stipend work performed in a school
694	694	4 year subsequent to a school year in which the employer was
695	695	5 unable to offer or allow to be conducted overload or stipend
696	696	6 work due to an emergency declaration limiting such activities.
697	697	7 (g-10) When assessing payment for any amount due under
698	698	8 subsection (f), the System shall exclude salary increases
699	699	9 resulting from increased instructional time that exceeded the
700	700	10 instructional time required during the 2019-2020 school year.
701	701	11 (g-15) When assessing payment for any amount due under
702	702	12 subsection (f), the System shall exclude salary increases
703	703	13 resulting from teaching summer school on or after May 1, 2021
704	704	14 and before September 15, 2022.
705	705	15 (g-20) When assessing payment for any amount due under
706	706	16 subsection (f), the System shall exclude salary increases
707	707	17 necessary to bring a school board in compliance with Public
708	708	18 Act 101-443, Public Act 103-515, or this amendatory Act of the
709	709	19 103rd General Assembly.
710	710	20 (h) When assessing payment for any amount due under
711	711	21 subsection (f), the System shall exclude any salary increase
712	712	22 described in subsection (g) of this Section given on or after
713	713	23 July 1, 2011 but before July 1, 2014 under a contract or
714	714	24 collective bargaining agreement entered into, amended, or
715	715	25 renewed on or after June 1, 2005 but before July 1, 2011.
716	716	26 Notwithstanding any other provision of this Section, any
717	717
718	718
719	719
720	720
721	721
722	722	SB2627 - 19 - LRB103 34052 RJT 63869 b
723	723
724	724
725	725	SB2627- 20 -LRB103 34052 RJT 63869 b SB2627 - 20 - LRB103 34052 RJT 63869 b
726	726	SB2627 - 20 - LRB103 34052 RJT 63869 b
727	727	1 payments made or salary increases given after June 30, 2014
728	728	2 shall be used in assessing payment for any amount due under
729	729	3 subsection (f) of this Section.
730	730	4 (i) The System shall prepare a report and file copies of
731	731	5 the report with the Governor and the General Assembly by
732	732	6 January 1, 2007 that contains all of the following
733	733	7 information:
734	734	8 (1) The number of recalculations required by the
735	735	9 changes made to this Section by Public Act 94-1057 for
736	736	10 each employer.
737	737	11 (2) The dollar amount by which each employer's
738	738	12 contribution to the System was changed due to
739	739	13 recalculations required by Public Act 94-1057.
740	740	14 (3) The total amount the System received from each
741	741	15 employer as a result of the changes made to this Section by
742	742	16 Public Act 94-4.
743	743	17 (4) The increase in the required State contribution
744	744	18 resulting from the changes made to this Section by Public
745	745	19 Act 94-1057.
746	746	20 (i-5) For school years beginning on or after July 1, 2017,
747	747	21 if the amount of a participant's salary for any school year
748	748	22 exceeds the amount of the salary set for the Governor, the
749	749	23 participant's employer shall pay to the System, in addition to
750	750	24 all other payments required under this Section and in
751	751	25 accordance with guidelines established by the System, an
752	752	26 amount determined by the System to be equal to the employer
753	753
754	754
755	755
756	756
757	757
758	758	SB2627 - 20 - LRB103 34052 RJT 63869 b
759	759
760	760
761	761	SB2627- 21 -LRB103 34052 RJT 63869 b SB2627 - 21 - LRB103 34052 RJT 63869 b
762	762	SB2627 - 21 - LRB103 34052 RJT 63869 b
763	763	1 normal cost, as established by the System and expressed as a
764	764	2 total percentage of payroll, multiplied by the amount of
765	765	3 salary in excess of the amount of the salary set for the
766	766	4 Governor. This amount shall be computed by the System on the
767	767	5 basis of the actuarial assumptions and tables used in the most
768	768	6 recent actuarial valuation of the System that is available at
769	769	7 the time of the computation. The System may require the
770	770	8 employer to provide any pertinent information or
771	771	9 documentation.
772	772	10 Whenever it determines that a payment is or may be
773	773	11 required under this subsection, the System shall calculate the
774	774	12 amount of the payment and bill the employer for that amount.
775	775	13 The bill shall specify the calculations used to determine the
776	776	14 amount due. If the employer disputes the amount of the bill, it
777	777	15 may, within 30 days after receipt of the bill, apply to the
778	778	16 System in writing for a recalculation. The application must
779	779	17 specify in detail the grounds of the dispute. Upon receiving a
780	780	18 timely application for recalculation, the System shall review
781	781	19 the application and, if appropriate, recalculate the amount
782	782	20 due.
783	783	21 The employer contributions required under this subsection
784	784	22 may be paid in the form of a lump sum within 90 days after
785	785	23 receipt of the bill. If the employer contributions are not
786	786	24 paid within 90 days after receipt of the bill, then interest
787	787	25 will be charged at a rate equal to the System's annual
788	788	26 actuarially assumed rate of return on investment compounded
789	789
790	790
791	791
792	792
793	793
794	794	SB2627 - 21 - LRB103 34052 RJT 63869 b
795	795
796	796
797	797	SB2627- 22 -LRB103 34052 RJT 63869 b SB2627 - 22 - LRB103 34052 RJT 63869 b
798	798	SB2627 - 22 - LRB103 34052 RJT 63869 b
799	799	1 annually from the 91st day after receipt of the bill. Payments
800	800	2 must be concluded within 3 years after the employer's receipt
801	801	3 of the bill.
802	802	4 (j) For purposes of determining the required State
803	803	5 contribution to the System, the value of the System's assets
804	804	6 shall be equal to the actuarial value of the System's assets,
805	805	7 which shall be calculated as follows:
806	806	8 As of June 30, 2008, the actuarial value of the System's
807	807	9 assets shall be equal to the market value of the assets as of
808	808	10 that date. In determining the actuarial value of the System's
809	809	11 assets for fiscal years after June 30, 2008, any actuarial
810	810	12 gains or losses from investment return incurred in a fiscal
811	811	13 year shall be recognized in equal annual amounts over the
812	812	14 5-year period following that fiscal year.
813	813	15 (k) For purposes of determining the required State
814	814	16 contribution to the system for a particular year, the
815	815	17 actuarial value of assets shall be assumed to earn a rate of
816	816	18 return equal to the system's actuarially assumed rate of
817	817	19 return.
818	818	20 (Source: P.A. 102-16, eff. 6-17-21; 102-525, eff. 8-20-21;
819	819	21 102-558, eff. 8-20-21; 102-813, eff. 5-13-22; 103-515, eff.
820	820	22 8-11-23.)
821	821	23 Section 10. The School Code is amended by changing Section
822	822	24 24-8 as follows:
823	823
824	824
825	825
826	826
827	827
828	828	SB2627 - 22 - LRB103 34052 RJT 63869 b
829	829
830	830
831	831	SB2627- 23 -LRB103 34052 RJT 63869 b SB2627 - 23 - LRB103 34052 RJT 63869 b
832	832	SB2627 - 23 - LRB103 34052 RJT 63869 b
833	833	1 (105 ILCS 5/24-8) (from Ch. 122, par. 24-8)
834	834	2 Sec. 24-8. Minimum salary. In fixing the salaries of
835	835	3 teachers, school boards shall pay those who serve on a
836	836	4 full-time basis not less than a rate for the school year that
837	837	5 is based upon training completed in a recognized institution
838	838	6 of higher learning, as follows: for the school year beginning
839	839	7 July 1, 1980 and until the 2020-2021 school year, less than a
840	840	8 bachelor's degree, $9,000; 120 semester hours or more and a
841	841	9 bachelor's degree, $10,000; 150 semester hours or more and a
842	842	10 master's degree, $11,000. In fixing the salaries of teachers,
843	843	11 a school board shall pay those who serve on a full-time basis a
844	844	12 rate not less than (i) $32,076 for the 2020-2021 school year,
845	845	13 (ii) $34,576 for the 2021-2022 school year, (iii) $37,076 for
846	846	14 the 2022-2023 school year, and (iv) $40,000 for the 2023-2024
847	847	15 school year, (v) $50,000 for the 2024-2025 school year, (vi)
848	848	16 $55,000 for the 2025-2026 school year, and (vii) $60,000 for
849	849	17 the 2026-2027 school year. The minimum salary rate for each
850	850	18 school year thereafter shall equal the minimum salary rate for
851	851	19 the previous school year increased by a percentage equal to
852	852	20 the annualized percentage increase, if any, in the Consumer
853	853	21 Price Index for All Urban Consumers for all items published by
854	854	22 the United States Department of Labor for the 12-month period
855	855	23 ending on June 30 of the school year that ended 12 months prior
856	856	24 to the school year in which the adjusted salary is to be in
857	857	25 effect.
858	858	26 In accordance with this Section, the Commission on
859	859
860	860
861	861
862	862
863	863
864	864	SB2627 - 23 - LRB103 34052 RJT 63869 b
865	865
866	866
867	867	SB2627- 24 -LRB103 34052 RJT 63869 b SB2627 - 24 - LRB103 34052 RJT 63869 b
868	868	SB2627 - 24 - LRB103 34052 RJT 63869 b
869	869	1 Government Forecasting and Accountability shall certify and
870	870	2 publish the minimum salary rate to be used for the 2027-2028
871	871	3 2024-2025 school year no later than September 30, 2026 2023.
872	872	4 By no later than July 20, 2027 2024 and annually on or before
873	873	5 each July 20 thereafter, the Commission on Government
874	874	6 Forecasting and Accountability shall certify and publish the
875	875	7 minimum salary rate to be used for each school year after the
876	876	8 2027-2028 2024-2025 school year in accordance with this
877	877	9 Section.
878	878	10 Based upon previous public school experience in this State
879	879	11 or any other state, territory, dependency or possession of the
880	880	12 United States, or in schools operated by or under the auspices
881	881	13 of the United States, teachers who serve on a full-time basis
882	882	14 shall have their salaries increased to at least the following
883	883	15 amounts above the starting salary for a teacher in such
884	884	16 district in the same classification: with less than a
885	885	17 bachelor's degree, $750 after 5 years; with 120 semester hours
886	886	18 or more and a bachelor's degree, $1,000 after 5 years and
887	887	19 $1,600 after 8 years; with 150 semester hours or more and a
888	888	20 master's degree, $1,250 after 5 years, $2,000 after 8 years
889	889	21 and $2,750 after 13 years.
890	890	22 For the purpose of this Section a teacher's salary shall
891	891	23 include any amount paid by the school district on behalf of the
892	892	24 teacher, as teacher contributions, to the Teachers' Retirement
893	893	25 System of the State of Illinois.
894	894	26 If a school board establishes a schedule for teachers'
895	895
896	896
897	897
898	898
899	899
900	900	SB2627 - 24 - LRB103 34052 RJT 63869 b
901	901
902	902
903	903	SB2627- 25 -LRB103 34052 RJT 63869 b SB2627 - 25 - LRB103 34052 RJT 63869 b
904	904	SB2627 - 25 - LRB103 34052 RJT 63869 b
905	905
906	906
907	907
908	908
909	909
910	910	SB2627 - 25 - LRB103 34052 RJT 63869 b