Illinois Senate Bill 1423 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the State Employee Article of the Illinois Pension Code. Provides that a State policeman may elect to convert service credit earned under the Article to eligible creditable service under the alternative retirement annuity formula by filing a written election with the Board and making a specified contribution. Provides that the conversion of service credit to eligible creditable service is not subject to provisions that limit the amount of eligible creditable service that may be established to 12 years. Provides that a State policeman may elect to establish eligible creditable service under the alternative retirement annuity formula for up to 5 years of service as a person employed by a participating municipality to perform police duties under the Illinois Municipal Retirement Fund (IMRF) Article, a county corrections officer, or a court services officer under the Cook County Article by filing a written application with the Board and making a specified contribution. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.

PENCD-SERS-ALTERNATIVE FORMULA

Sen. Robert Martwick [D]

Sen. Iris Martinez [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-02-26	Senate	Chief Sponsor Changed to Sen. Robert F. Martwick
2020-01-20	Senate	Chief Sponsor Changed to Sen. Don Harmon
2019-06-21	Senate	Chief Sponsor Changed to Sen. John J. Cullerton
2019-03-28	Senate	Rule 3-9(a) / Re-referred to Assignments
2019-03-28	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2019-03-22	Senate	Rule 2-10 Committee Deadline Established As March 28, 2019
2019-03-13	Senate	To
2019-03-13	Senate	Senate Committee Amendment No. 1 To
2019-03-12	Senate	Senate Committee Amendment No. 1 Assignments Refers to Government Accountability and Ethics
2019-03-12	Senate	Added as Chief Co-Sponsor Sen. Iris Y. Martinez
2019-03-08	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2019-03-08	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
2019-03-06	Senate	Postponed - Government Accountability and Ethics
2019-02-20	Senate	Assigned to Government Accountability and Ethics
2019-02-13	Senate	Referred to Assignments
2019-02-13	Senate	First Reading
2019-02-13	Senate	Filed with Secretary by Sen. John G. Mulroe

Chapter	Article	Section	Citation Type	Statute Text
40	5	14-110	Amended Code	Citation Text
40	5	14-152.1	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1423&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB1423.htm
Amendment	https://www.ilga.gov/legislation/101/SB/10100SB1423sam001.htm