Bill Status of SB1440  96th General Assembly


Short Description:  PUBLIC EMPLOYEE BENEFITS-TECH

Senate Sponsors
Sen. Kwame Raoul

House Sponsors
(Rep. David E. Miller)

Last Action
DateChamber Action
  8/18/2009SenatePublic Act . . . . . . . . . 96-0586

Statutes Amended In Order of Appearance
40 ILCS 5/15-101from Ch. 108 1/2, par. 15-101


Synopsis As Introduced
Amends the Illinois Pension Code. Makes a technical change in a Section concerning State universities.

Senate Floor Amendment No. 1
Deletes reference to:
40 ILCS 5/15-101
Adds reference to:
40 ILCS 5/1-106from Ch. 108 1/2, par. 1-106
40 ILCS 5/15-136.4

Replaces everything after the enacting clause. Amends the Illinois Pension Code. Provides that each pension fund or retirement system operating under this Code may, and to the extent required by federal law shall, at the request of any person entitled to receive a refund, lump-sum benefit, or other nonperiodic distribution from the pension fund or retirement system, pay the distribution (rather than pay the taxable portion of that distribution) directly to any entity that (1) is designated in writing by the person, (2) is qualified under federal law to accept an eligible rollover distribution from a qualified plan, and (3) has agreed to accept the distribution. Amends provisions concerning retirement and survivor benefits under the portable benefit package in the State Universities Article, makes various technical changes, including referring to the optional benefit choices as optional forms of payment. Effective immediately.

Actions 
DateChamber Action
  2/18/2009SenateFiled with Secretary by Sen. Kwame Raoul
  2/18/2009SenateFirst Reading
  2/18/2009SenateReferred to Assignments
  3/5/2009SenateAssigned to Executive
  3/12/2009SenateDo Pass Executive; 012-000-000
  3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009
  3/24/2009SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Kwame Raoul
  3/24/2009SenateSenate Floor Amendment No. 1 Referred to Assignments
  3/30/2009SenateSecond Reading
  3/30/2009SenatePlaced on Calendar Order of 3rd Reading March 31, 2009
  3/30/2009SenateSenate Floor Amendment No. 1 Assignments Refers to Pensions and Investments
  3/31/2009SenateSenate Floor Amendment No. 1 Recommend Do Adopt Pensions and Investments; 009-000-000
  4/1/2009SenateRecalled to Second Reading
  4/1/2009SenateSenate Floor Amendment No. 1 Adopted; Raoul
  4/1/2009SenatePlaced on Calendar Order of 3rd Reading ** April 2, 2009
  4/2/2009SenateThird Reading - Passed; 059-000-000
  4/3/2009HouseArrived in House
  4/3/2009HousePlaced on Calendar Order of First Reading
  4/21/2009HouseChief House Sponsor Rep. David E. Miller
  4/21/2009HouseFirst Reading
  4/21/2009HouseReferred to Rules Committee
  4/22/2009HouseAssigned to Personnel and Pensions Committee
  5/7/2009HouseDo Pass / Short Debate Personnel and Pensions Committee; 009-000-000
  5/7/2009HousePlaced on Calendar 2nd Reading - Short Debate
  5/18/2009HouseSecond Reading - Short Debate
  5/18/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/22/2009HouseThird Reading - Short Debate - Passed 114-000-001
  5/22/2009SenatePassed Both Houses
  6/19/2009SenateSent to the Governor
  8/18/2009SenateGovernor Approved
  8/18/2009SenateEffective Date August 18, 2009
  8/18/2009SenatePublic Act . . . . . . . . . 96-0586