* A new amendment to the pension reform bill was just filed. It creates a commission that could essentially make statutory pension changes as long as the General Assembly does not disapprove…
The Commission shall determine the changes to law necessary to ensure that the State Employee Retirement System, the General Assembly Retirement System, the State University Retirement System, and the Teacher’s Retirement System will reach 100% actuarial funding for all then-existing liabilities not later than December 31, 2045, calculated and defined in full accordance with the applicable standards and guidelines of the Governmental Accounting Standards Board. […]
General Assembly Disapproval of the Report. The General Assembly may disapprove the report of the Commission in whole within thirty legislative days after the report is filed by adoption of a joint resolution by a record vote of the majority of the members elected in each house. If the General Assembly does not adopt a joint resolution disapproving of the report, the Speaker of the House of Representatives and the President of the Senate shall certify the bill and it shall be presented to the Governor in accordance with Article 4, Section 9(a) of the Illinois Constitution. The Governor shall sign the bill and it shall become law. The bill shall not be certified if the General Assembly adopts a joint resolution disapproving of the report.
This looks like the federal base-closing commission.
…Adding… From the Illinois Constitution…
The General Assembly shall enact laws only by bill. Bills may originate in either house, but may be amended or rejected by the other.
No bill shall become a law without the concurrence of a majority of the members elected to each house. Final passage of a bill shall be by record vote. In the Senate at the request of two members, and in the House at the request of five members, a record vote may be taken on any other occasion. A record vote is a vote by yeas and nays entered on the journal.
Make sure to watch for updates on our live coverage post.
…Adding More… This looks a bit like the old and now defunct pay raise commission. Back then, legislators in both chambers had to vote to reject the commission’s pay raise recommendations or they’d take effect.