PEN CD-IMRF-SPEC EDUC LAKE CO
Synopsis of Bill as introduced:
Amends the Illinois Municipal Retirement Fund Article of the
Pension Code to provide that employees of the governing board of the
Special Education District of Lake County must begin participating in
the Fund as of July 1, 1997. Provides that current employees shall
receive free credit for 20% of their prior service with that employer
(up to a maximum of 5 years), but employee contributions must be paid
in order to receive credit for the remainder of that prior service.
Provides that the school districts participating in a special
education joint agreement created under Section 10-22.31 of the School
Code that is a participating instrumentality may pay their
proportionate share of the employer contribution for current service
out of the districts' IMRF tax levy. Amends the State Mandates Act to
require implementation without reimbursement. Effective immediately.
Fiscal impact has not been determined, but could be substantial
for the Lake County special education district.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status