Illinois General Assembly - Bill Status for SB2398
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 Bill Status of SB2398  103rd General Assembly

Short Description:  PEN CD-MEABF-METRO PIER & EXPO

Senate Sponsors
Sen. Ram Villivalam

Last Action
DateChamber Action
  2/10/2023SenateReferred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/8-110from Ch. 108 1/2, par. 8-110
40 ILCS 5/8-113from Ch. 108 1/2, par. 8-113
40 ILCS 5/8-180.3 new
30 ILCS 805/8.47 new

Synopsis As Introduced
Amends the Chicago Municipal Article of the Illinois Pension Code. Adds the Metropolitan Pier and Exposition Authority to the definition of "employer". Adds any person employed by the Metropolitan Pier and Exposition Authority to the definition of "employee". Provides that an employee or a member or participant under any reciprocal retirement system or pension fund established under the Code may establish service credit in the Fund for employment with the Metropolitan Pier and Exposition Authority prior to the effective date of the amendatory Act by applying and paying to the Fund for that employment an amount equal to the (1) employee contributions based on the actual compensation received and the rate of contribution in effect on the date of payment; plus (2) an amount representing employer contributions determined by the retirement board; plus (3) interest at the effective rate from the date of service to the date of payment. Provides that service credit shall not be granted for any such prior employment for which the applicant received credit under any other provision of the Code or during which the applicant was on a leave of absence. Amends the State Mandates Act to require implementation without reimbursement.

DateChamber Action
  2/10/2023SenateFiled with Secretary by Sen. Ram Villivalam
  2/10/2023SenateFirst Reading
  2/10/2023SenateReferred to Assignments

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