Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/14-110.5 new

Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Provides a Deferred Retirement Option Plan to members of the State Employees' Retirement System of Illinois who are eligible to receive the alternative formula under which members effectively retire and have their retirement accumulate, after applicable taxes, in the System while they continue covered employment for up to 5 years. Effective immediately.

	Pension Note (Government Forecasting & Accountability)
	The fiscal impact of HB 5839 has not been calculated, but would be significant. A similar proposal for Downstate Police officers (SB 2359) was estimated to increase the accrued liabilities of Downstate Police pension funds by $120 million.

Actions 

Date	Chamber	Action
2/10/2010	House	Filed with the Clerk by Rep. Daniel J. Burke
2/10/2010	House	First Reading
2/10/2010	House	Referred to Rules Committee
3/1/2010	House	Pension Note Filed
1/11/2011	House	Session Sine Die

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