IL
Illinois House Bill HB0741

Illinois 2025-2026 Regular Session

Illinois House Bill HB0741

Introduced
1/9/25  
Refer
1/9/25  
Refer
3/4/25  

Caption

PUBLIC EMPLOYEE BENEFITS-TECH

Impact

The proposed amendments within HB 0741 could have significant implications for the state's budgeting and fiscal management. By establishing a continual appropriation from the State Pensions Fund, the bill prioritizes the funding of designated retirement systems, thereby reinforcing the financial stability of public employee benefits. Ensuring adequate appropriations are made to meet obligations may help alleviate potential deficits within retirement funds, contributing to the overall health of the state pension system.

Summary

House Bill 0741, introduced by Rep. Emanuel 'Chris' Welch, amends the State Pension Funds Continuing Appropriation Act. This piece of legislation aims to make a technical change related to the appropriations from the State Pensions Fund. By modifying the structure around how appropriations are allocated to designated retirement systems, the bill seeks to ensure that any deficiencies in appropriations to these systems are addressed on a continuing basis. The intent is to maintain the necessary funding levels for these employee retirement systems, crucial for the financial security of public employees upon retirement.

Contention

While the bill mainly presents technical changes and aims to ensure stability in public pension funding, it reflects broader discussions surrounding public employee benefits and state finance. Notably, there may be points of contention regarding how such continuous appropriations might affect budget allocations for other state programs. Stakeholders may debate whether this ensures necessary funds for public employees' benefits against the backdrop of potential cuts to other areas, especially during periods of fiscal tightening.

Latest HB0741 Activity

Companion Bills

No companion bills found.

Similar Bills

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB280

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

MI SB0185

Appropriations: supplemental; general supplemental; provide for. Creates appropriation act.

MI SB0182

Appropriations: supplemental; appropriations for multiple departments and branches for fiscal year 2025-2026; provide for. Creates appropriation act.

MI SB0184

Appropriations: supplemental; appropriations for multiple departments and branches for fiscal year 2024-2025; provide for. Creates appropriation act.