90th General Assembly
Summary of SB0717
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

Short description: 
PEN CD-IMRF-OMNIBUS                                                        

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the  Pension  Code.   Removes the pre-existing condition limitation on      
   temporary disability benefits for persons whose date of disability  is      
   after  May  31, 1997.  Allows members and retirees to receive up to 24      
   months of credit for military service not preceded by employment  upon      
   payment  of  the  corresponding  employee  and employer contributions;      
   requires employer approval.  Allows all credit for military service or      
   a leave of absence established by a sheriff's law enforcement employee      
   to be deemed credit in that capacity.  Allows an  inactive  member  to      
   designate  a  death  benefit  beneficiary.    Changes certain obsolete      
   references  to  educational  service  regions.    Deletes   provisions      
   limiting  retroactive payment of retirement benefits.  Accelerates the      
   automatic increase in surviving  spouse's  annuity  for  survivors  of      
   annuitants who die in December.  Provides for participation by persons      
   who  return  to  service  in a position requiring between 600 and 1000      
   hours per year after retiring from such a position  with  an  employer      
   that   allowed  participation  for  those  employees.    Restores  the      
   availability of  reversionary  annuities.    Authorizes  employers  to      
   increase disability benefits from 50% to 60% of earnings, with the the      
   resulting  costs to be paid by the employer and employees.  Authorizes      
   the Fund to  offer  deferred  compensation  and  tax-deferred  annuity      
   programs  to  its  members.    Requires  an  employee contribution for      
   certain prior service credits granted to employees  of  entities  that      
   begin  participating  in  the Fund after January 1, 1998.  Makes other      
   changes.  Amends the Unemployment Insurance Act.   Provides  that  the      
   Department of Employment Security shall make available to the Illinois      
   Municipal  Retirement  Fund, upon request, information that may assist      
   the Fund in determining whether a recipient of  a  disability  payment      
   from  the  Fund is employed.  Amends the State Mandates Act to require      
   implementation without reimbursement.  Effective immediately.               
          PENSION IMPACT NOTE                                                  
          The fiscal impact of SB 717 cannot be determined, but it is          
          expected to be minor and primarily administrative. The fiscal        
          impact will vary by individual employer within the IMRF.             
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


 Full Text  Bill Status