Illinois HB4170 mandates transfers from the General Revenue Fund to the Pension Stabilization Fund for fiscal years 2030 through 2049.
Illinois HB4170 amends the Budget Stabilization Act to require the Comptroller to transfer specific amounts from the General Revenue Fund to the Pension Stabilization Fund. The transfers include $300,000,000 for Fiscal Year 2030, $400,000,000 for Fiscal Years 2031 through 2033, and $600,000,000 for Fiscal Years 2034 through 2049. The fund, created as a special fund in the State treasury, is intended for payments to designated retirement systems.
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