IL SB2110 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Downstate Firefighter Article of the Illinois Pension Code. Requires each municipality to establish a defined contribution plan that aggregates firefighter and employer contributions in individual accounts used for retirement. Provides that if a firefighter who has more than 10 years of creditable service in a fund enters active service with a different municipality, he or she may elect to participate in the defined contribution plan in lieu of the defined benefit plan. Provides that if a fire chief to whom a specified provision of the Illinois Municipal Code applies (i) first becomes a member on or after January 1, 2020, (ii) is receiving pension payments, and (iii) reenters active service with any municipality that has established a pension fund under the Article, that fire chief may continue to receive pension payments while he or she is in active service, but shall only participate in a defined contribution plan and may not establish creditable service in the pension fund established by that municipality or have his or her pension recomputed. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PEN CD-FIRE-DEFINED CONTRIBUTE

Sponsors


History

DateChamberAction
2021-01-13SenateSession Sine Die
2019-03-28SenateRule 3-9(a) / Re-referred to Assignments
2019-03-22SenateRule 2-10 Committee Deadline Established As March 28, 2019
2019-03-05SenateAssigned to Government Accountability and Ethics
2019-02-15SenateReferred to Assignments
2019-02-15SenateFirst Reading
2019-02-15SenateFiled with Secretary by Sen. Dan McConchie

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.43New CodeSee Bill Text
4054-117Amended CodeCitation Text
4054-117.2New CodeSee Bill Text

Illinois State Sources


Bill Comments

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