Illinois General Assembly - Bill Status for HB2646
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 Bill Status of HB2646  93rd General Assembly

Short Description:  PEN CD-DNST POL-DROP PLAN

House Sponsors
Rep. Robert S. Molaro

Last Action
DateChamber Action
  1/11/2005HouseSession 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 805/8.27 new


Synopsis As Introduced
Amends the Downstate Police Article of the Illinois 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. Effective immediately.

Actions 
DateChamber Action
  2/21/2003HouseFiled with the Clerk by Rep. Robert S. Molaro
  2/21/2003HouseFirst Reading
  2/21/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Executive Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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