92nd General Assembly
Summary of SB1817
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Senate Sponsors:
KLEMM.

Short description: 
PEN CD-TRANSFER-IMRF-DNST FIRE                                             

Synopsis of Bill as introduced:
        Amends the Illinois Pension Code to  allow  a  person  with  IMRF      
   credit  for  service  as  a  member  of a municipal fire department to      
   transfer that  credit  to  a  firefighters'  pension  fund.   Requires      
   payment  of  the difference in required contributions, if any.  Amends      
   the   State   Mandates   Act   to   require   implementation   without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Illinois Pension Laws Commission)                      
          The fiscal impact of SB 1817 cannot be determined, as it de-         
          pends on the amount of service credit transferred from IMRF to       
          the Downstate Firefighters' pension funds. The fiscal impact is      
          estimated to be minor, as the employee is required to contri-        
          bute the difference between the employee and employer contribu-      
          tions that would have been made as a member of a Downstate           
          Firefighters' pension fund and the amounts transferred from          
          IMRF on behalf of the firefighter. Interest payment is also re-      
          quired.                                                              
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

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


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 Full Text  Bill Status