PEN CD-ALL PUB EMPLS-NEW PLAN
Synopsis of Bill as introduced:
Amends the Illinois Pension Code. Provides for the creation of a
new defined-contribution retirement plan for all new public officers
and employees. Excludes new public officers and employees from the
existing pension funds created under the Pension Code. Pre-empts home
rule power. Amends the State Mandates Act to require implementation
without reimbursement. Effective immediately.
Fiscal impact has not been determined.
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