WeVote
Log In

Bill

Bill

HB 2378

PEN CD/GROUP INS-SURS SMP

104th Regular Session Introduced by Murri Briel and 17 co-sponsors

HB 2378 modifies pension system group insurance surcharge calculations and sampling procedures in Illinois, affecting public employee compensation and pension fund revenue collection.

House Floor Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
0
WeVote Research Nonpartisan
Bill Summary · HB 2378

Legislative bill overview

HB 2378 modifies Illinois pension law regarding group insurance surcharges and sampling procedures. The bill appears to adjust how pension systems calculate and apply insurance-related surcharges to member contributions, likely affecting the mechanisms by which pension funds collect supplemental revenue for insurance benefits.

Why is this important

Pension surcharges directly impact take-home pay for public employees and the financial stability of Illinois pension systems, which face significant underfunding challenges. Changes to surcharge calculation methodology can affect thousands of public sector workers' compensation and alter revenue streams for already-strained pension funds.

Potential points of contention

  • Impact on employee compensation: Surcharge adjustments could either increase or decrease what public employees actually take home, creating labor concerns depending on the direction of change
  • Pension fund solvency: Revenue implications for underfunded Illinois pension systems, which are among the nation's most underfunded—any reduction in surcharge revenue could strain finances further
  • Technical complexity: Pension calculations are highly technical; sampling methodology changes could create administrative burden or unintended consequences in how surcharges are applied across different employee groups

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.