House Sponsors: O'BRIEN. Short description: PEN CD-IMRF SLEP-BENEFIT INCR Synopsis of Bill as introduced: Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Pension Code. Makes full-time municipal police officers who participate in the Fund eligible for the sheriff's law enforcement employee (SLEP) formula. Bases new annuities calculated under the SLEP formula on the employee's rate of earnings on the last day of employment as a SLEP. Creates a second program of optional additional contributions and benefits, this one applicable only to SLEP service. Specifies that a SLEP may establish retroactive SLEP credit for all types of service that have been added to the SLEP definition as of the date of application. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE The fiscal impact of HB 2755 has not been determined. The bill would increase the required IMRF employer contributions for SLEP employers and for small municipalities with participating police officers. 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