Bill Status of SB 1542   96th General Assembly

Short Description:  PEN CD-ART 3 & 4 TRANSFERS

Senate Sponsors
Sen. David Koehler

Last Action  View All Actions

DateChamber Action
  1/12/2011SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/3-110.8
40 ILCS 5/3-110.10
40 ILCS 5/7-139.11
40 ILCS 5/7-139.13
30 ILCS 805/8.33 new

Synopsis As Introduced
Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Allows participants of a downstate police pension fund to transfer up to 10 years of creditable service to the IMRF and allows participants of IMRF to transfer up to 10 years of creditable service to the a downstate police pension fund. Requires the participant to either pay the difference in contributions or have the creditable service reduced accordingly. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/18/2009SenateFiled with Secretary by Sen. David Koehler
  2/18/2009SenateFirst Reading
  2/18/2009SenateReferred to Assignments
  2/25/2009SenateAssigned to Pensions and Investments
  3/6/2009SenatePostponed - Pensions and Investments
  3/12/2009SenatePostponed - Pensions and Investments
  3/13/2009SenateRule 3-9(a) / Re-referred to Assignments
  1/12/2011SenateSession Sine Die

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