Illinois General Assembly - Bill Status for HB3370

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of HB3370 97th General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: PEN CD-IMRF-DEF CONTRIB PLAN

House Sponsors
Rep. Mike Fortner

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/7-173.3 new

30 ILCS 805/8.35 new

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Requires the Fund, by rule, to establish a defined contribution benefit plan. Requires the plan to be qualified under the Internal Revenue Code of 1986 and to authorize each participating municipality and participating instrumentality to (i) require participation in the plan by any person who first becomes its employee on or after January 1, 2012, (ii) define benefit levels and employer contributions as it sees fit, (iii) make benefit changes as it deems appropriate, and (iv) otherwise administer the plan. Provides that participating municipalities and instrumentalities must elect to participate in the plan by no later than January 1, 2012. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/24/2011	House	Filed with the Clerk by Rep. Mike Fortner
2/24/2011	House	First Reading
2/24/2011	House	Referred to Rules Committee
2/28/2011	House	Assigned to Personnel and Pensions Committee
3/4/2011	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Mike Fortner
3/4/2011	House	House Committee Amendment No. 1 Referred to Rules Committee
3/7/2011	House	House Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee
3/17/2011	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

×