Illinois 2025 2025-2026 Regular Session

Illinois House Bill HB3954 Introduced / Bill

Filed 02/21/2025

                    104TH GENERAL ASSEMBLY
 State of Illinois
 2025 and 2026 HB3954 Introduced , by Rep. Robyn Gabel SYNOPSIS AS INTRODUCED:      Makes appropriations for teacher retirement contributions for the fiscal year beginning July 1, 2025, as follows:      General Funds    $7,047,506,738      OMB104 00155 VOT 10155 b 104TH GENERAL ASSEMBLY
 State of Illinois
 2025 and 2026 HB3954 Introduced , by Rep. Robyn Gabel SYNOPSIS AS INTRODUCED: Makes appropriations for teacher retirement contributions for the fiscal year beginning July 1, 2025, as follows:      General Funds    $7,047,506,738  OMB104 00155 VOT 10155 b     OMB104 00155 VOT 10155 b
104TH GENERAL ASSEMBLY
 State of Illinois
 2025 and 2026 HB3954 Introduced , by Rep. Robyn Gabel SYNOPSIS AS INTRODUCED:
Makes appropriations for teacher retirement contributions for the fiscal year beginning July 1, 2025, as follows:      General Funds    $7,047,506,738
OMB104 00155 VOT 10155 b     OMB104 00155 VOT 10155 b
    OMB104 00155 VOT 10155 b
HB3954OMB104 00155 VOT 10155 b   HB3954  OMB104 00155 VOT 10155 b
  HB3954  OMB104 00155 VOT 10155 b
1  AN ACT concerning appropriations.
2  Be it enacted by the People of the State of Illinois,
3  represented in the General Assembly:
4  ARTICLE 1
5  Section 1. The sum of $6,495,517,664, or so much thereof
6  as may be necessary, is appropriated from the Common School
7  Fund to the Teachers' Retirement System of the State of
8  Illinois for the State's contribution, as provided by law.
9  Section 5. The sum of $200,000, or so much thereof as may
10  be necessary, is appropriated from the Education Assistance
11  Fund to the Teachers' Retirement System of the State of
12  Illinois for additional costs due to the establishment of
13  minimum retirement allowances pursuant to Sections 16-136.2
14  and 16-136.3 of the Illinois Pension Code.
15  Section 10. The sum of $500,000, or so much thereof as may
16  be necessary, is appropriated from the Common School Fund to
17  the Teachers' Retirement System of the State of Illinois for
18  the employer contributions required by the State as an
19  employer of teachers described under subsection (e) or
20  subsection (f) of Section 16-158 of the Illinois Pension Code.

 

104TH GENERAL ASSEMBLY
 State of Illinois
 2025 and 2026 HB3954 Introduced , by Rep. Robyn Gabel SYNOPSIS AS INTRODUCED:
Makes appropriations for teacher retirement contributions for the fiscal year beginning July 1, 2025, as follows:      General Funds    $7,047,506,738
OMB104 00155 VOT 10155 b     OMB104 00155 VOT 10155 b
    OMB104 00155 VOT 10155 b

 

 

    OMB104 00155 VOT 10155 b

 

  HB3954  OMB104 00155 VOT 10155 b


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1  Section 15. The amount of $123,195,074, or so much thereof
2  as may be necessary, is appropriated from the General Revenue
3  Fund to the Teachers' Retirement System of the State of
4  Illinois for deposit into the Teacher Health Insurance
5  Security Fund as the State's contribution for teachers' health
6  insurance.
7  Section 20. The amount of $16,256,000, or so much thereof
8  as may be necessary, is appropriated from the Common School
9  Fund to the Public School Teachers' Pension and Retirement
10  Fund of Chicago for the State's contribution pursuant to
11  subsection (c) of Section 17-127 of the Illinois Pension Code.
12  Section 25. The amount of $346,838,000, or so much thereof
13  as may be necessary, is appropriated from the Common School
14  Fund to the Public School Teachers' Pension and Retirement
15  Fund of Chicago for the State's contribution pursuant to
16  paragraph (2) of subsection (d) of Section 17-127 of the
17  Illinois Pension Code.
18  Section 30. The sum of $65,000,000, or so much thereof as
19  may be necessary, is appropriated from the General Revenue
20  Fund to the Teachers' Retirement System of the State of
21  Illinois for additional State contributions associated with
22  adjustments to the earnings limitation specified in subsection
23  (b-5) of Section 1-160 of the Illinois Pension Code.

 

 

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1  Section 99. Effective date. This Act takes effect July 1,
2  2025.

 

 

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