SMITH,MICHAEL. 40 ILCS 5/3-105.2 new 40 ILCS 5/3-111 from Ch. 108 1/2, par. 3-111 40 ILCS 5/3-111.1 from Ch. 108 1/2, par. 3-111.1 40 ILCS 5/3-111.2 new 30 ILCS 805/8.23 new Amends the Downstate Police Article of the Illinois Pension Code. Provides for a Deferred Retirement Option Plan (DROP), under which a police officer who is at least age 50 with 20 years of service may continue in active service for up to 3 years while having his or her retirement pension paid into a special account, to be distributed to the police officer upon retirement. Bases the retirement pension on the police officer's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Effective immediately. 99-02-11 H FIRST READING 99-02-11 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-17 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary