Illinois 2025-2026 Regular Session

Illinois Senate Bill SB2596 Compare Versions

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

Old	New	Differences
1	1	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 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 OMB104 00146 JCB 10146 b
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB2596 Introduced 2/25/2025, by Sen. Elgie R. Sims, Jr. SYNOPSIS AS INTRODUCED:
3	3	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
4	4	OMB104 00146 JCB 10146 b OMB104 00146 JCB 10146 b
5	5	OMB104 00146 JCB 10146 b
6	6	SB2596OMB104 00146 JCB 10146 b SB2596 OMB104 00146 JCB 10146 b
7	7	SB2596 OMB104 00146 JCB 10146 b
8	8	1 AN ACT concerning appropriations.
9	9	2 Be it enacted by the People of the State of Illinois,
10	10	3 represented in the General Assembly:
11	11	4 ARTICLE 1
12	12	5 Section 5. The sum of $2,104,446,000, or so much thereof
13	13	6 as may be necessary, is appropriated from the General Revenue
14	14	7 Fund to the State Universities Retirement System for the
15	15	8 State's contribution, as provided by law.
16	16	9 Section 10. The sum of $215,000,000, or so much thereof as
17	17	10 may be necessary, is appropriated from the State Pensions Fund
18	18	11 to the State Universities Retirement System pursuant to the
19	19	12 provisions of Section 8.12 of the State Finance Act.
20	20	13 Section 15. The sum of $10,966,632, or so much thereof as
21	21	14 may be necessary, is appropriated from the Education
22	22	15 Assistance Fund to the State Universities Retirement System
23	23	16 for deposit into the Community College Health Insurance
24	24	17 Security Fund for the State's contributions, as required by
25	25	18 law.
26	26	19 Section 20. The sum of $9,000,000, or so much thereof as
27	27	20 may be necessary, is appropriated from the General Revenue
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31	31	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB2596 Introduced 2/25/2025, by Sen. Elgie R. Sims, Jr. SYNOPSIS AS INTRODUCED:
32	32	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
33	33	OMB104 00146 JCB 10146 b OMB104 00146 JCB 10146 b
34	34	OMB104 00146 JCB 10146 b
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47	47	SB2596- 2 -OMB104 00146 JCB 10146 b SB2596 - 2 - OMB104 00146 JCB 10146 b
48	48	SB2596 - 2 - OMB104 00146 JCB 10146 b
49	49	1 Fund to the State Universities Retirement System for
50	50	2 additional State contributions associated with adjustments to
51	51	3 the earnings limitation specified in subsection (b) of Section
52	52	4 15-111 of the Illinois Pension Code.
53	53	5 Section 99. Effective date. This Act takes effect July 1,
54	54	6 2025.
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60	60	SB2596 - 2 - OMB104 00146 JCB 10146 b