90th General Assembly
Summary of HB1523
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House Sponsors:
DURKIN.

Short description: 
PEN CD-SHERIFFS-TRANSFER CRED                                              

Synopsis of Bill as introduced:
        Amends the Downstate Police and State Employee  Articles  of  the      
   Pension  Code  to  authorize  sheriff's  law  enforcement employees to      
   transfer credits  under  those  Articles  to  the  Illinois  Municipal      
   Retirement  Fund (IMRF).  Authorizes former elected county sheriffs to      
   transfer credits from a downstate police pension fund or the  IMRF  to      
   the  State  Employees'  Retirement  System.   Requires application and      
   payment of the difference in contributions, plus interest, by July  1,      
   1998.   Also amends the IMRF Article to allow a person with at least 4      
   years of credit as a sheriff's law enforcement (SLEP) employee who has      
   IMRF credits in another capacity to convert those  credits  into  SLEP      
   credits  by paying the difference in contribution rates plus interest.      
   Amends the  State  Mandates  Act  to  require  implementation  without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE                                                         
          Fiscal impact has not been determined, but is expected to be         
          minor.                                                               
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status