SMITH,MICHAEL. 40 ILCS 5/7-172 from Ch. 108 1/2, par. 7-172 40 ILCS 5/7-199.4 new 40 ILCS 5/7-204 from Ch. 108 1/2, par. 7-204 Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. Provides that each county with current or former elected county officers participating in the alternative annuity program shall have a separate employer contribution rate computed for those elected officers, and provides that those officers shall be treated as a separate unit within the Fund. Provides that a municipality may transfer funds among its reserves, from one that is over 100% funded to one that is less, under certain circumstances. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 3679 cannot be determined and would vary among municipalities. The fiscal impact is expected to very minor, as only accounting changes are provided for in HB 3679. NOV-14-2001 H FILED WITH CLERK NOV-15-2001 H FIRST READING NOV-15-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-22-2002 H PENSION NOTE FILED FEB-22-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary