SB2803: $GOVERNOR

Legislative Summary

Makes supplemental appropriations from the Pension Stabilization Fund for financing the unfunded liabilities of the General Assembly Retirement System, the Judges Retirement System of Illinois, the State Employees’ Retirement System of Illinois, the Teachers’ Retirement System of the State of Illinois, and the State Universities Retirement System. Makes supplemental appropriations from the General Revenue Fund to the Department of Central Management Services for group insurance. Appropriates $2,700,000,000 from the State Coronavirus Urgent Remediation Emergency Fund to the Department of Employment Security for payment to the Illinois Unemployment Insurance Trust Fund for partial repayment of Title XII advances, including prior year costs. Appropriates $250,000,000 from the General Revenue Fund to the Illinois Student Assistance Commission to deposit into the Illinois Prepaid Tuition Trust Fund. Effective immediately.