Senate Sponsors: WALSH,T. Short description: PEN CD-MWRD-OPTIONAL PROGRAM Synopsis of Bill as introduced: Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Extends the program of optional contributions and benefits through December 31, 2007. Provides for certain optional contributions to be made on a tax-deferred basis. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Based on matching employer contributions, the Fund's actuary estimates SB 1845 would increase annual employer costs by $600,000, beginning in 2005 through 2009. In addition, the new optional plan would increase the unfunded liability by an estimated $1.8 million. 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