Illinois General Assembly - Bill Status for HB4837
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 Bill Status of HB4837  94th General Assembly

Short Description:  PEN CD-DNST POL-DROP PLAN

House Sponsors
Rep. Raymond Poe - Richard T. Bradley - Marlow H. Colvin - Daniel J. Burke, Rich Brauer, Aaron Schock, Terry R. Parke and Lisa M. Dugan

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

Statutes Amended In Order of Appearance
40 ILCS 5/3-105.3 new
40 ILCS 5/3-111from Ch. 108 1/2, par. 3-111
40 ILCS 5/3-111.1from Ch. 108 1/2, par. 3-111.1
40 ILCS 5/3-111.2 new
30 ILCS 805/8.30 new

Synopsis As Introduced
Amends the Downstate Police Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a police officer who is at least age 50 with 20 years of service may continue in active service for up to 5 years while having his or her retirement pension paid into a special account, to be distributed to the police officer upon retirement. Bases the retirement pension on the police officer's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

DateChamber Action
  1/19/2006HouseFiled with the Clerk by Rep. Raymond Poe
  1/19/2006HouseFirst Reading
  1/19/2006HouseReferred to Rules Committee
  1/25/2006HouseAdded Chief Co-Sponsor Rep. Richard T. Bradley
  1/25/2006HouseAdded Chief Co-Sponsor Rep. Marlow H. Colvin
  1/25/2006HouseAdded Chief Co-Sponsor Rep. Daniel J. Burke
  1/25/2006HouseAdded Co-Sponsor Rep. Rich Brauer
  1/25/2006HouseAdded Co-Sponsor Rep. Aaron Schock
  1/25/2006HouseAdded Co-Sponsor Rep. Terry R. Parke
  1/26/2006HouseAdded Co-Sponsor Rep. Lisa M. Dugan
  2/7/2006HouseAssigned to Executive Committee
  2/17/2006HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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