Illinois Senate Bill 1542 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 12 2011 - 100% progression
Action: 2011-01-12 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Allows participants of a downstate police pension fund to transfer up to 10 years of creditable service to the IMRF and allows participants of IMRF to transfer up to 10 years of creditable service to the a downstate police pension fund. Requires the participant to either pay the difference in contributions or have the creditable service reduced accordingly. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

PEN CD-ART 3 & 4 TRANSFERS

Sen. David Koehler [D]

Date	Chamber	Action
2011-01-12		Session Sine Die
2009-03-13		Rule 3-9(a) / Re-referred to Assignments
2009-03-12		Postponed - Pensions and Investments
2009-03-06		Postponed - Pensions and Investments
2009-02-25		Assigned to Pensions and Investments
2009-02-18		Referred to Assignments
2009-02-18		First Reading
2009-02-18		Filed with Secretary by Sen. David Koehler

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1542&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB1542.htm