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HB 3953

Relating to public charter school sponsorship.

2025 Regular Session Introduced by Cedric Hayden and 5 co-sponsors

Funds totaling about $2.34 billion are appropriated to the State Universities Retirement System to cover the state’s pension contributions for the coming fiscal year.

Chapter 452, (2025 Laws): Effective date January 1, 2026.
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Bill Summary · HB 3953

Bill Summary — HB 3953 (104th GA)

Title as filed: Relating to public charter school sponsorship
Final chapter: Chapter 452 (2025 Laws) — Effective date: January 1, 2026

Note on discrepancy: The filed bill text provided here is an appropriation act for the State Universities Retirement System (SURS). The bill title referencing public charter school sponsorship appears inconsistent with the bill content. This summary addresses the enacted SURS appropriation language and legislative actions recorded for HB 3953 (Chapter 452).

Purpose / Intent

Appropriates funds to the State Universities Retirement System for the fiscal year beginning July 1, 2025, to cover the State’s required contributions and related statutory pension obligations.

Key provisions and dollar amounts

  • Total (as presented in the bill synopsis):

    • General Funds: $2,124,412,632
    • Other State Funds: $215,000,000
    • Total: $2,339,412,632

  • Section 5: Appropriates $2,104,446,000 from the General Revenue Fund to SURS for the State’s contribution (note: this figure differs from the synopsis General Funds number above).

  • Section 10: Appropriates $215,000,000 from the State Pensions Fund to SURS pursuant to Section 8.12 of the State Finance Act.

  • Section 15: Appropriates $10,966,632 from a specified fund (text in the introduced version is garbled but indicates a Community College Health Education Insurance Security/Assistance Fund) to SURS for State contributions required by law.

  • Section 20: Appropriates $9,000,000 from the General Revenue Fund to SURS for additional State contributions associated with adjustments to the earnings limitation under subsection (b) of Section 15‑111 of the Illinois Pension Code.

  • Effective date in introduced text: July 1, 2025. Final enacted law (Chapter 452) effective date: January 1, 2026.

Who is affected

  • State Universities Retirement System (administratively receives the appropriations).
  • Active and retired employees covered by SURS (funding of pension benefits).
  • State fiscal accounts: General Revenue Fund, State Pensions Fund, and the specified Community College/Health Insurance fund identified in the bill.
  • State budget planners and universities that rely on SURS funding and actuarial assumptions.

Procedural / timeline highlights

  • Introduced: Feb–Mar 2025; committee hearings and work sessions through April–June 2025.
  • Passed both chambers in June 2025 (with amendments A-Engrossed).
  • Signed by legislative leaders and Governor in June 2025.
  • Enacted as Chapter 452 (2025 Laws); effective date recorded as January 1, 2026.

Potential impact

  • Provides the statutory funding appropriation for SURS employer/state contributions for FY beginning July 1, 2025, stabilizing pension cash flows and satisfying legal contribution requirements.
  • Shifts or commits significant General Revenue and other fund resources (totaling roughly $2.3 billion per synopsis) for pension obligations, affecting available state resources for other priorities.
  • The bill includes a targeted $9 million to account for earnings‑limit adjustments under the Pension Code, reflecting specific pension policy interactions.

If you would like, I can:
- Verify and reconcile the differing appropriation figures in the official enrolled act,
- Pull the final enrolled/printed law text for exact fund names and corrected figures, or
- Produce a one-page fiscal-note style breakdown.

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

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