Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/14-110

from Ch. 108 1/2, par. 14-110

Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Allows a person employed on a full-time basis by the Illinois Department of Transportation in the position of highway maintainer who has in excess of 20 years of eligible creditable service under the alternative formula to elect to establish eligible creditable service under the alternative formula for up to 5 years of his or her service at Illinois Veterans Homes. Effective immediately.

Senate Committee Amendment No. 1
Replaces the new language with language that allows a member employed on a full-time basis by the Illinois Department of Transportation in the position of highway maintainer who has at least 20 years of creditable service under the alternative formula to elect, within 6 months of the effective date of the amendatory Act, to convert up to 5 years of service under the Article rendered at Illinois Veterans Homes to service under the alternative formula by paying to the Fund an amount equal to the increase in the present value of future benefits, as calculated by the System. Provides that, in calculating the increase in the present value of future benefits, the System shall use the same actuarial assumptions used in the most recent actuarial valuation. Requires the member to submit the required contributions prior to retirement.

Actions 

Date	Chamber	Action
2/3/2010	Senate	Filed with Secretary by Sen. John M. Sullivan
2/3/2010	Senate	First Reading
2/3/2010	Senate	Referred to Assignments
2/16/2010	Senate	Assigned to Pensions and Investments
2/24/2010	Senate	Postponed - Pensions and Investments
3/1/2010	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan
3/1/2010	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/2/2010	Senate	Senate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
3/3/2010	Senate	Senate Committee Amendment No. 1 Adopted
3/4/2010	Senate	Do Pass as Amended Pensions and Investments; 009-000-000
3/4/2010	Senate	Placed on Calendar Order of 2nd Reading March 9, 2010
3/11/2010	Senate	Second Reading
3/11/2010	Senate	Placed on Calendar Order of 3rd Reading March 12, 2010
3/12/2010	Senate	Verified
3/12/2010	Senate	Third Reading - Passed; 030-019-000
3/12/2010	House	Arrived in House
4/23/2010	House	Chief House Sponsor Rep. Jil Tracy
4/23/2010	House	Placed on Calendar Order of First Reading
4/23/2010	House	Referred to Rules Committee
1/12/2011	Senate	Session Sine Die

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