IL HB2656 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 8-0)
Status: Passed on August 16 2013 - 100% progression
Action: 2013-08-16 - Public Act . . . . . . . . . 98-0439
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that, for service transferred from a downstate police pension fund under a specific provision, credits and creditable service shall be granted upon transfer of those credits to IMRF. Specifies that if the board determines that the amount transferred is less than the true cost to the Fund of allowing that creditable service to be established, then in order to establish that creditable service, the member must pay to the Fund an additional contribution equal to the difference, as determined by the board in accordance with the rules and procedures adopted by the Fund. Provides that if the member does not make the full additional payment prior to termination of his participation with that employer, then his or her creditable service shall be reduced by an amount equal to the difference between the amount transferred and the true cost to the Fund of allowing that creditable service to be established, as determined by the board in accordance with the rules and procedures that it adopts. Authorizes the board to establish, by rule, the manner of making these calculations. Effective immediately.

Tracking Information

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Title

IMRF-TRANSFERRED CREDIT

Sponsors


Roll Calls

2013-05-22 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2013-04-12 - House - Third Reading in House (Y: 107 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2013-08-16HousePublic Act . . . . . . . . . 98-0439
2013-08-16HouseEffective Date August 16, 2013
2013-08-16HouseGovernor Approved
2013-06-19HouseSent to the Governor
2013-05-22HousePassed Both Houses
2013-05-22SenateThird Reading - Passed; 057-000-000
2013-05-20SenatePlaced on Calendar Order of 3rd Reading May 21, 2013
2013-05-20SenateSecond Reading
2013-05-02SenatePlaced on Calendar Order of 2nd Reading May 6, 2013
2013-05-02SenateDo Pass Executive; 012-000-000
2013-04-24SenateAssigned to Executive
2013-04-18SenateReferred to Assignments
2013-04-18SenateFirst Reading
2013-04-17SenateChief Senate Sponsor Sen. William E. Brady
2013-04-12SenatePlaced on Calendar Order of First Reading April 16, 2013
2013-04-12SenateArrive in Senate
2013-04-12HouseThird Reading - Short Debate - Passed 107-000-000
2013-04-08HousePlaced on Calendar Order of 3rd Reading - Short Debate
2013-04-08HouseSecond Reading - Short Debate
2013-03-22HouseAdded Co-Sponsor Rep. David McSweeney
2013-03-15HousePlaced on Calendar 2nd Reading - Short Debate
2013-03-14HouseDo Pass / Short Debate Personnel and Pensions Committee; 010-000-000
2013-03-14HouseAdded Co-Sponsor Rep. Thomas Morrison
2013-03-13HouseAdded Chief Co-Sponsor Rep. Kay Hatcher
2013-03-13HouseAdded Chief Co-Sponsor Rep. Ron Sandack
2013-03-13HouseAdded Chief Co-Sponsor Rep. David Harris
2013-03-13HouseAdded Chief Co-Sponsor Rep. Raymond Poe
2013-03-04HouseAssigned to Personnel and Pensions Committee
2013-02-21HouseReferred to Rules Committee
2013-02-21HouseFirst Reading
2013-02-21HouseFiled with the Clerk by Rep. Darlene J. Senger

Code Citations

ChapterArticleSectionCitation TypeStatute Text
4057-139Amended CodeCitation Text

Illinois State Sources


Bill Comments

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