Bill Status of HB4660 100th General Assembly
Short Description: PENCD-CHI MUNI-LATE PAYMENTS
Rep. Robert Martwick
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Chicago Municipal Article of the Illinois Pension Code. Provides that if the city fails to transmit required contributions to the pension fund, the fund may certify to the State Comptroller the amount due, and the Comptroller must deduct and remit to (instead of deposit into) the fund the certified amounts from payments of State funds (instead of grants of State funds) to the city. Specifies that the certification must be in accordance with any applicable rules of the Comptroller. Effective immediately.