Illinois General Assembly - Bill Status for SB0305
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 Bill Status of SB0305  94th General Assembly

Short Description:  PEN CD-IMRF-OVER 65 OPT OUT

Senate Sponsors
Sen. Iris Y. Martinez

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/7-137from Ch. 108 1/2, par. 7-137
40 ILCS 5/7-144from Ch. 108 1/2, par. 7-144

Synopsis As Introduced
Amends the IMRF Article of the Illinois Pension Code. Provides that a person who becomes an employee after attaining age 65 may elect not to participate in the Fund for that employment. Provides for continuation of the employee's retirement annuity despite that employment. Effective immediately.

 Pension Note (Commission on Gov't Forecasting and Accountability)
 Senate Bill 305 allows any person becoming an employee after attaining age 65 to opt out of the Fund and has no fiscal impact.

DateChamber Action
  2/15/2005SenateFiled with Secretary by Sen. Iris Y. Martinez
  2/15/2005SenateFirst Reading
  2/15/2005SenateReferred to Rules
  2/17/2005SenateAssigned to Pensions & Investments
  3/2/2005SenateHeld in Pensions & Investments
  3/9/2005SenatePostponed - Pensions & Investments
  3/11/2005SenatePension Note Filed from the Commission on Government Forecasting and Accountability.
  3/16/2005SenatePostponed - Pensions & Investments
  3/18/2005SenateRule 3-9(a) / Re-referred to Rules
  1/9/2007SenateSession Sine Die

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