Illinois General Assembly - Bill Status for SB0455
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 Bill Status of SB0455  94th General Assembly


Senate Sponsors
Sen. Don Harmon - Louis S. Viverito

House Sponsors
(Rep. Michael J. Madigan)

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

Statutes Amended In Order of Appearance
40 ILCS 5/13-301from Ch. 108 1/2, par. 13-301
40 ILCS 5/13-302from Ch. 108 1/2, par. 13-302
40 ILCS 5/13-305from Ch. 108 1/2, par. 13-305
40 ILCS 5/13-306from Ch. 108 1/2, par. 13-306
40 ILCS 5/13-308from Ch. 108 1/2, par. 13-308
40 ILCS 5/13-309from Ch. 108 1/2, par. 13-309
40 ILCS 5/13-310from Ch. 108 1/2, par. 13-310
40 ILCS 5/13-314from Ch. 108 1/2, par. 13-314
40 ILCS 5/13-402from Ch. 108 1/2, par. 13-402
40 ILCS 5/13-403from Ch. 108 1/2, par. 13-403
40 ILCS 5/13-502from Ch. 108 1/2, par. 13-502
40 ILCS 5/13-601from Ch. 108 1/2, par. 13-601
40 ILCS 5/13-603from Ch. 108 1/2, par. 13-603
40 ILCS 5/13-706from Ch. 108 1/2, par. 13-706
30 ILCS 805/8.29 new

Synopsis As Introduced
Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Provides that a child's annuity is payable to a child who is over 18 years of age, but less than 23 years of age, if he or she is a full-time student. Eliminates the 3-day waiting period for the payment of a duty disability benefit for certain persons. Provides a minimum annuity for certain retirees and surviving spouses. Authorizes employer pickup and tax-deferred status for contributions made toward the alternative plan for commissioners. With respect to the 5 years of service needed to establish eligibility for a disability retirement annuity, excludes service credit earned while on disability for new employees. Clarifies the calculation of service with respect to the Optional Plan. Allows an employee who has returned to service to repay a prior refund within the 90 days following his or her final withdrawal from service. Allows payment of a refund to certain nonvested employees who are under age 55 (rather than 50). Makes changes concerning eligibility for a surviving spouse's annuity. Provides that certain early retirement discounts apply to the calculation of a surviving spouse's annuity. Provides that an employee may establish service credit for voluntary military service that commences after commencement of service with the Metropolitan Water Reclamation District. Adds to the powers and duties of the Board, the power to assess and collect interest on amounts due to the Fund using the annual rate as shall from time to time be determined by the Board, compounded annually from the date of notification to the date of payment. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Commission on Gov't Forecasting and Accountability)
 The fiscal impact of Senate Bill 455 is expected to be minimal. The Metropolitan Reclamation District estimates that Senate Bill 455 would increase actuarial liabilities by less than $87,000. Changes to the alternative plan would generate an annual cost of $4,700.

DateChamber Action
  2/16/2005SenateFiled with Secretary by Sen. Don Harmon
  2/16/2005SenateFirst Reading
  2/16/2005SenateReferred to Rules
  2/17/2005SenateAssigned to Pensions & Investments
  3/2/2005SenateDo Pass Pensions & Investments; 010-000-000
  3/2/2005SenatePlaced on Calendar Order of 2nd Reading March 3, 2005
  3/3/2005SenateSecond Reading
  3/3/2005SenatePlaced on Calendar Order of 3rd Reading March 8, 2005
  3/10/2005SenateAdded as Chief Co-Sponsor Sen. Louis S. Viverito
  3/11/2005SenatePension Note Filed from the Commission on Government Forecasting and Accountability.
  4/7/2005SenateThird Reading - Passed; 057-000-000
  4/7/2005HouseArrived in House
  4/7/2005HousePlaced on Calendar Order of First Reading
  4/20/2005HouseReferred to Rules Committee
  9/27/2005HouseChief House Sponsor Rep. Michael J. Madigan
  1/9/2007SenateSession Sine Die

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