92nd General Assembly
Summary of SB0100
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Senate Sponsors:
BURZYNSKI-MAHAR-LUECHTEFELD-MYERS-CRONIN, HAWKINSON, JACOBS, 
   BOMKE, WATSON, RADOGNO, NOLAND, LINK, WALSH,L, 
   SHADID, O'DANIEL AND SULLIVAN.

Short description: 
PEN CD-IMRF-HEALTH PLAN                                                    

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the  Illinois  Pension  Code  to  provide  a  program  of group health      
   benefits for retired employees and  their  dependents  and  survivors.      
   Provides  for  the  Fund  to defray part of the cost of participation.      
   Requires active employees to contribute 1.0% of  earnings  toward  the      
   cost  of  the  program.   Requires  employers  to  contribute 1.25% of      
   payroll.  Includes a transitional subsidy  program  to  subsidize  the      
   cost  of  participation  of  certain  annuitants.    Amends  the State      
   Mandates  Act  to  require   implementation   without   reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          SB100 would increase the contribution rates of all IMRF employ-      
          ers by 1.25% of payroll, while the employee contributions would      
          increase by 1% of salary. Based on a 1999 payroll of almost $4       
          billion, employer contributions would increase by approximately      
          $50 million per year, while member contributions would increase      
          by almost $40 million per year.                                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


   END OF INQUIRY 



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