IL SB1902 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Downstate Police Article of the Illinois Pension Code. Provides that if, as a result of the publication of the 2010 federal census data, a city, village, or incorporated town is first recognized as having a population of 5,000 or more inhabitants and is, therefore, required to create a downstate police pension fund, then an employee of such a city, village, or town who transfers credit from an IMRF fund to that fund shall pay the true cost of establishing service credit in that fund. Specifies that if the board of trustees of the applicable downstate police fund determines that the amount transferred is less than the true cost to the pension fund of allowing service credit to be transferred, then the amount of creditable service the police officer may establish shall be reduced by an amount equal to the difference between those 2 amounts, as determined by the board. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PENCD-TRANSFER COST-ART 7 TO 3
Sponsors
History
Date | Chamber | Action |
---|---|---|
2013-01-08 | Senate | Session Sine Die |
2011-03-18 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2011-03-17 | Senate | Postponed - Pensions and Investments |
2011-03-10 | Senate | Postponed - Pensions and Investments |
2011-03-02 | Senate | Assigned to Pensions and Investments |
2011-02-10 | Senate | Referred to Assignments |
2011-02-10 | Senate | First Reading |
2011-02-10 | Senate | Filed with Secretary by Sen. Dale E. Risinger |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 805 | 8.35 | New Code | See Bill Text |
40 | 5 | 3-110 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1902&GAID=11&DocTypeID=SB&SessionID=84&GA=97 |
Text | https://www.ilga.gov/legislation/97/SB/09700SB1902.htm |