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IL HB3968

IL HB3968
$GEN ASSEMBLY RET-TECH


summary

Introduced
02/25/2025
In Committee
02/25/2025
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Appropriates $2 from the General Revenue Fund to the General Assembly Retirement System for its FY26 ordinary and contingent expenses. Effective July 1, 2025.

AI Summary

This bill appropriates $2 from the General Revenue Fund (GRF) to the General Assembly Retirement System (GARS) to cover its ordinary and contingent expenses for fiscal year 2026. The appropriation is relatively small and seems to be a technical allocation to ensure the retirement system for state legislators has sufficient funding for its basic operational needs. The bill specifies that the funding will take effect on July 1, 2025, which aligns with the start of the next fiscal year. While the dollar amount is minimal, the bill demonstrates the standard legislative process of allocating specific funds to support the retirement system for members of the Illinois General Assembly.

Sponsors (1)

Last Action

Referred to Rules Committee (on 02/25/2025)

bill text


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