90th General Assembly
Summary of HB2755
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House Sponsors:
O'BRIEN.

Short description: 
PEN CD-IMRF SLEP-BENEFIT INCR                                              

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the  Pension  Code.   Makes  full-time  municipal  police officers who      
   participate in the Fund eligible for  the  sheriff's  law  enforcement      
   employee  (SLEP)  formula.   Bases  new annuities calculated under the      
   SLEP formula on the employee's rate of earnings on  the  last  day  of      
   employment as a SLEP.  Creates a second program of optional additional      
   contributions  and benefits, this one applicable only to SLEP service.      
   Specifies that a SLEP may establish retroactive SLEP  credit  for  all      
   types of service that have been added to the SLEP definition as of the      
   date  of  application.    Amends  the  State  Mandates  Act to require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE                                                         
          The fiscal impact of HB 2755 has not been determined. The bill       
          would increase the required IMRF employer contributions for          
          SLEP employers and for small municipalities with participating       
          police officers.                                                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status