IL HB3004 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 16 2023 - 25% progression
Action: 2023-03-10 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Downstate Firefighter Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a firefighter who is at least age 50 with 20 years of service may continue in active service for up to 3 years while having his or her retirement pension paid into a special account, to be distributed to the firefighter upon retirement. Bases the retirement pension on the firefighter's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PEN CD-DNST FIRE-DROP PLAN
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-03-10 | House | Rule 19(a) / Re-referred to Rules Committee |
2023-02-28 | House | Assigned to Personnel & Pensions Committee |
2023-02-16 | House | Referred to Rules Committee |
2023-02-16 | House | First Reading |
2023-02-16 | House | Filed with the Clerk by Rep. Janet Yang Rohr |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 805 | 8.47 | New Code | See Bill Text |
40 | 5 | 4-105e | New Code | See Bill Text |
40 | 5 | 4-109 | Amended Code | Citation Text |
40 | 5 | 4-109.1 | Amended Code | Citation Text |
40 | 5 | 4-109.4 | New Code | See Bill Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3004&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/HB/10300HB3004.htm |