IL HB4691 | 2013-2014 | 98th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on July 16 2014 - 100% progression
Action: 2014-07-16 - Public Act . . . . . . . . . 98-0729
Text: Latest bill text (Chaptered) [HTML]

Summary

Amends the Downstate Police Article of the Illinois Pension Code. Provides that, upon creation of a newly established police pension fund by referendum or census, the following funds shall be transferred from the Illinois Municipal Retirement Fund to the newly created fund within 30 days: (1) the amounts actually contributed by or on behalf of the officer to the Article 7 Fund as municipal police officer employee contributions, plus interest on those amounts at the rate of 6% per year, compounded annually, from the date of contribution to the date of transfer to the Article 3 Fund and (2) an amount representing employer contributions, equal to the total amount determined under subdivision (1), plus interest on those amounts at the rate of 6% per year, compounded annually, from the date of contribution to the date of transfer. Provides that participation in IMRF shall terminate on the date of transfer. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PENCD-DNST POL-IMRF TRANSFER

Sponsors


Roll Calls

2014-05-27 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2014-04-10 - House - Third Reading in House (Y: 98 N: 0 NV: 0 Abs: 4) [PASS]

History

DateChamberAction
2014-07-16HousePublic Act . . . . . . . . . 98-0729
2014-07-16HouseEffective Date July 16, 2014
2014-07-16HouseGovernor Approved
2014-06-25HouseSent to the Governor
2014-05-27HousePassed Both Houses
2014-05-27SenateThird Reading - Passed; 058-000-000
2014-05-23SenateRule 2-10 Committee/3rd Reading Deadline Established As May 31, 2014
2014-05-22SenatePlaced on Calendar Order of 3rd Reading May 23, 2014
2014-05-22SenateSecond Reading
2014-05-15SenatePlaced on Calendar Order of 2nd Reading May 19, 2014
2014-05-15SenateDo Pass Licensed Activities and Pensions; 007-000-000
2014-05-06SenateAssigned to Licensed Activities and Pensions
2014-04-30SenateReferred to Assignments
2014-04-30SenateFirst Reading
2014-04-30SenateChief Senate Sponsor Sen. Michael E. Hastings
2014-04-11SenatePlaced on Calendar Order of First Reading April 29, 2014
2014-04-11SenateArrive in Senate
2014-04-10HouseThird Reading - Short Debate - Passed 098-000-000
2014-04-10HousePlaced on Calendar Order of 3rd Reading - Short Debate
2014-04-10HouseHouse Floor Amendment No. 2 Adopted
2014-04-07HouseHeld on Calendar Order of Second Reading - Short Debate
2014-04-07HouseSecond Reading - Short Debate
2014-04-07HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000
2014-04-03HouseHouse Floor Amendment No. 2 Referred to Rules Committee
2014-04-03HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Brandon W. Phelps
2014-03-25HousePlaced on Calendar 2nd Reading - Short Debate
2014-03-25HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
2014-03-25HouseDo Pass / Short Debate Personnel and Pensions Committee; 010-000-000
2014-03-25HouseHouse Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee
2014-03-24HouseHouse Committee Amendment No. 1 Referred to Rules Committee
2014-03-24HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Brandon W. Phelps
2014-02-24HouseAssigned to Personnel and Pensions Committee
2014-02-05HouseReferred to Rules Committee
2014-02-05HouseFirst Reading
2014-02-05HouseFiled with the Clerk by Rep. Brandon W. Phelps

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.38New CodeSee Bill Text
4053-101Amended CodeCitation Text

Illinois State Sources


Bill Comments

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