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]
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.
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]
2014-04-10 - House - Third Reading in House (Y: 98 N: 0 NV: 0 Abs: 4) [PASS]
History
Date | Chamber | Action |
---|---|---|
2014-07-16 | House | Public Act . . . . . . . . . 98-0729 |
2014-07-16 | House | Effective Date July 16, 2014 |
2014-07-16 | House | Governor Approved |
2014-06-25 | House | Sent to the Governor |
2014-05-27 | House | Passed Both Houses |
2014-05-27 | Senate | Third Reading - Passed; 058-000-000 |
2014-05-23 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2014 |
2014-05-22 | Senate | Placed on Calendar Order of 3rd Reading May 23, 2014 |
2014-05-22 | Senate | Second Reading |
2014-05-15 | Senate | Placed on Calendar Order of 2nd Reading May 19, 2014 |
2014-05-15 | Senate | Do Pass Licensed Activities and Pensions; 007-000-000 |
2014-05-06 | Senate | Assigned to Licensed Activities and Pensions |
2014-04-30 | Senate | Referred to Assignments |
2014-04-30 | Senate | First Reading |
2014-04-30 | Senate | Chief Senate Sponsor Sen. Michael E. Hastings |
2014-04-11 | Senate | Placed on Calendar Order of First Reading April 29, 2014 |
2014-04-11 | Senate | Arrive in Senate |
2014-04-10 | House | Third Reading - Short Debate - Passed 098-000-000 |
2014-04-10 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
2014-04-10 | House | House Floor Amendment No. 2 Adopted |
2014-04-07 | House | Held on Calendar Order of Second Reading - Short Debate |
2014-04-07 | House | Second Reading - Short Debate |
2014-04-07 | House | House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000 |
2014-04-03 | House | House Floor Amendment No. 2 Referred to Rules Committee |
2014-04-03 | House | House Floor Amendment No. 2 Filed with Clerk by Rep. Brandon W. Phelps |
2014-03-25 | House | Placed on Calendar 2nd Reading - Short Debate |
2014-03-25 | House | House Committee Amendment No. 1 Tabled Pursuant to Rule 40 |
2014-03-25 | House | Do Pass / Short Debate Personnel and Pensions Committee; 010-000-000 |
2014-03-25 | House | House Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee |
2014-03-24 | House | House Committee Amendment No. 1 Referred to Rules Committee |
2014-03-24 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Brandon W. Phelps |
2014-02-24 | House | Assigned to Personnel and Pensions Committee |
2014-02-05 | House | Referred to Rules Committee |
2014-02-05 | House | First Reading |
2014-02-05 | House | Filed with the Clerk by Rep. Brandon W. Phelps |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 805 | 8.38 | New Code | See Bill Text |
40 | 5 | 3-101 | Amended Code | Citation Text |