MIKE TRYON ON PENSIONS

Rep. Tryon is on record as being opposed to the Madigan pension bill that was approved in the IL House this year (House Amendments 1, 2 and 3 to SB01). He did extensive research on the bill, and found wording regarding Cost of Living Increases (COLAs) to be almost identical to wording that was found to be unconstitutional in two other states. Rep. Tryon believes that passing a bill where legal precedence exists for a ruling of unconstitutionality is a disservice to taxpayers. He believe this action, while popular on the surface with many voters, would extend the period of time for when real, legally-sound pension reform could be enacted, and also deepen the financial hole caused by the pension crisis.

Rep. Tryon has been listed as a sponsor or co-sponsor of 19 different pension bills since taking office in January of 2006. The first bill, a bill that would have implemented a plan to fund the five pension systems to a level of 90%, was filed less than one month after he took office. The first time Rep. Tryon’s name appeared as a sponsor of a bill that sought to move the pension systems to self-managed plans was in February of 2010. Since that time he has sponsored several initiatives that would create a pension stabilization fund and solve the pension crisis in ways that were both fair and Constitutionally-sound.  This year, in an attempt to lead by example by reforming his own pension first, Rep. Tryon served as a Chief Co-Sponsor of three different bills that would have reformed the pension system only for the General Assembly.

A review of Rep. Tryon’s legislative initiatives as reported on the Illinois General Assembly web site shows he was a sponsor of one bill in the 94th General Assembly , two bills in 95th General Assembly, two bills in the 96th General Assembly, seven bills in the 97th General Assembly and seven bills in this current 98th General Assembly. If you follow the paths of these bills on the web site, you will see that in almost every case, Speaker Madigan assigned the bills to the Rules Committee and never scheduled the bills for a hearing. Bills that are never brought to the floor by Speaker Madigan for a vote are listed as “Stuck in Rules” for the current General Assembly, and as “Session Sine Die” in previous General Assemblies.

98th General Assembly (7 Pension Bills)

HB1283: Requires the actuary of each of the 5 State-funded systems to conduct an investigation of the system at least once every 3 years. (Passed House; Senate President did not call the bill)
HB2207: Reforms the pension system for members of the General Assembly. (Stuck in Rules)
HB2208: Reforms the pension system for members of the General Assembly. (Stuck in Rules)
HB2209: Reforms the pension system for members of the General Assembly. (Stuck in Rules)
HB2365: Requires each State-funded retirement system that does not already have a self-managed plan to establish and maintain one.  (Stuck in Rules)
HB3066: Amends the State Universities and Downstate Teachers Articles of the Illinois Pension Code. Requires the Teachers’ Retirement System to establish and maintain a self-managed plan. (Stuck in Rules)
HB3162: Provides for transfers from the General Revenue Fund to the Pension Stabilization Fund according to a specified schedule beginning in FY 2016 and continuing until FY 2045 or until the retirement funds have achieved a 100% funding ratio, whichever is earlier. Amends the General Assembly, State Employee, State Universities and Downstate Teacher Articles of the Illinois Pension Code. Changes the manner in which the annual required State contribution is calculated so that the affected systems are 100% funded by FY 2045. Provides that employee contributions to the retirement systems are increased an additional 1% on July 1, 2013 and 2% on July 1, 2014. (Stuck in Rules)

97th General Assembly (7 Pension Bills)

HB3936: Amends the Property Tax Code. Provides that each property tax bill shall contain a separate statement for each of the taxing districts setting forth the dollar amount of tax due that will be used by the taxing district to pick up or otherwise pay its employees’ contributions to a public pension fund. (Session Sine Die)
HB5377: Decreases annual increases (COLAs) for certain persons who first became participants before January 1, 2011 and did not begin to receive a retirement annuity before the effective date of this amendatory Act. Provides that the automatic annual increases shall be (1) 3% of the first $50,000 of the annual total annuity payable at the time of the increase, and (2) if the annual total annuity payable at the time of the increase exceeds $50,000, a percentage of that excess equal to the lesser of 3% or one-half of the annual unadjusted percentage increase (but not less than zero) in the Consumer Price Index for All Urban Consumers. (Session Sine Die)
HB5488: Creates the Pension Stabilization Board and a new Pension Stabilization Fund. Provides for the certification of certain revenues and expenditures in FY2012, and directs certain future gaming and racing revenues and bond savings to be deposited into the Fund. Authorizes the Board to release money from the Fund to the 5 State-funded retirement systems based on their insolvency or unfunded liabilities. (Session Sine Die)
HB5754: Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Requires each retirement system that does not already have a self-managed plan to establish and maintain one. (Session Sine Die)
HB5791: Requires the actuary of each of the 5 State-funded systems to conduct an investigation of the system at least once every 3 years. (Session Sine Die)
HB6158: Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers’ Occupation Tax Act. Reduces the rate of tax on motor fuel to 1.25%. Amends the Motor Fuel Tax Law. Increases the amount of the tax to 34 cents per gallon beginning on July 1, 2012. Provides that, on July 1, 2013, and on July 1 of each year thereafter, the rate of tax shall be adjusted according to the percentage increase, if any, in the Consumer Price Index during the preceding 12-month calendar year. Provides that, of the proceeds collected under the Motor Fuel Tax Law, 15 cents per gallon shall be deposited into the Pension Stabilization Fund. (Session Sine Die)
HB6204: Amends the Budget Stabilization Act. Makes changes concerning transfers from the General Revenue Fund to the Pension Stabilization Fund. Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Requires each State-funded retirement system that does not already have a self-managed plan to establish and maintain one. (Session Sine Die)

96th General Assembly (2 Pension Bills)

HB5818: Provides that none of the retirement benefits provided in the Article shall be paid to any person who is impeached by the House of Representatives and convicted and removed from office by the Senate. (Session Sine Die)
HB5872: Amends the General Assembly, State Employee, Downstate Teacher, and Judges Articles of the Illinois Pension Code. Requires the retirement systems to each establish and administer a self-managed plan that shall offer participants the opportunity to accumulate assets for retirement through a combination of participant and State contributions that may be invested in mutual funds, collective investment funds, or other investment products and used to purchase annuity contracts, either fixed or variable or a combination of fixed and variable. (Session Sine Die)

95th General Assembly (2 Pension Bills)

HB4905: Amends the Pension Impact Note Act. Requires that a pension impact note for legislation affecting downstate police and downstate firefighter pension funds must demonstrate the fiscal impact of the legislation on at least 25 municipalities with the pension funds. (Session Sine Die)
HB6652: Amends the State Pension Funds Continuing Appropriation Act. Provides for appropriation of $13,000,000 on a continuing annual basis from the General Revenue Fund to the State Comptroller for deposit into the Teacher Health Insurance Security Fund in State fiscal years 2009 through 2011. (Session Sine Die)

94th General Assembly (1 Pension Bill)

HB5572: Amends the Illinois Pension Code. In provisions concerning the 5 State-funded retirement systems, deletes language specifying dollar amounts for the State contribution to each System required for FY 2007 and provides that State contributions to the systems for fiscal years 2007 through 2010 shall be increased in equal annual increments from the required State contributions in State fiscal year 2005 until the State is contributing at a rate that will result in the systems being 90% funded. (Session Sine Die)