Illinois Senate Bill 65

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 20 2023 - 25% progression
Action: 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Downstate Police, Downstate Firefighter, and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that a municipality with a population that has fallen below 5,000 inhabitants as determined by both of the preceding 2 federal decennial censuses, or that has a population of less than 5,000 inhabitants that approved a referendum creating a pension fund, may terminate its participation in a pension fund created under the Downstate Police or Downstate Firefighter Article with regard to persons who first become police officers or firefighters after a specified proposition is adopted and enroll in IMRF police officers or firefighters hired after the adoption of that proposition. Provides the required notice and form of the proposition. Provides that a municipality may elect to terminate its participation under the Article and dissolve the fund if certain conditions are met. Makes conforming and other changes. Effective immediately.

PEN CD-DNST POLICE & FIRE-IMRF

Sen. Laura Fine [D]

Date	Chamber	Action
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-01-31	Senate	Assigned to Senate Special Committee on Pensions
2023-01-20	Senate	Referred to Assignments
2023-01-20	Senate	First Reading
2023-01-20	Senate	Filed with Secretary by Sen. Laura Fine

Chapter	Article	Section	Citation Type	Statute Text
40	5	3-103	Amended Code	Citation Text
40	5	3-146	New Code	See Bill Text
40	5	4-103	Amended Code	Citation Text
40	5	4-141.5	New Code	See Bill Text
40	5	7-109	Amended Code	Citation Text
40	5	7-132	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=65&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB0065.htm