92nd General Assembly
Summary of SB1067
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Senate Sponsors:
DELEO.

Short description: 
PEN CD-METRO PIER & EXPO AUTH                                              

Synopsis of Bill as introduced:
        Amends the Illinois Pension Code to allow  a  current  or  former      
   employee  of  the  Metropolitan  Pier  and Exposition Authority to buy      
   service credit in the Chicago Municipal, Chicago  Park  District,  and      
   State  Employee  retirement systems.  Requires payment of employee and      
   employer contributions plus interest.  Amends the State  Mandates  Act      
   to    require   implementation   without   reimbursement.    Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 1067 cannot be determined, as the            
          amount of service credit that may be established is unknown.         
          There would be a fiscal impact if the required contributions         
          and interest do not fully address the increase in accrued li-        
          ability.                                                             
 
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 



 Full Text  Bill Status