IL SB3877 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-06-15 - Chief Sponsor Changed to Sen. Don Harmon
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that a participant who is actively employed as a sheriff's law enforcement employee may make an election to transfer up to 10 years of creditable service from a fund established under the Downstate Police Article to IMRF. Provides that upon receiving a written election under the provisions, the fund shall transfer the employee and employer contributions to IMRF as soon as is practicable. Provides that the service shall accrue to the employee with the benefits of service credit that was otherwise earned as service credit under the sheriff's law enforcement employee provisions. Provides that in order to transfer the service credit, the employee must: make a written election for a refund of the employee and employer contributions for the corresponding service credit under the Downstate Police Article; make a written election to the Fund to purchase an amount of service credit that is not greater than the term of service credited; and make payment of the amount determined by the Fund to represent the actual costs of the benefits as established by the Fund minus the amounts received from the fund established under the Downstate Police Article. Makes conforming changes. Amends the State Mandates Act to require implementation without reimbursement by the State.

Tracking Information

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Title

PEN CD-TRANSFER ART 3 TO IMRF

Sponsors


History

DateChamberAction
2022-06-15SenateChief Sponsor Changed to Sen. Don Harmon
2022-02-16SenateAdded as Co-Sponsor Sen. John Connor
2022-02-10SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
2022-02-10SenateAdded as Co-Sponsor Sen. Patrick J. Joyce
2022-01-21SenateReferred to Assignments
2022-01-21SenateFirst Reading
2022-01-21SenateFiled with Secretary by Sen. Rachelle Crowe

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.46New CodeSee Bill Text
4053-110.13New CodeSee Bill Text
4057-139Amended CodeCitation Text
4057-139.1aNew CodeSee Bill Text

Illinois State Sources


Bill Comments

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