90th General Assembly
Summary of HB1519
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House Sponsors:

Short description: 
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.       
          PENSION NOTE                                                         
          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

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status