Bill Title: Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that, if the amount of a participating employee's earnings for any calendar year used to determine the participating employee's retirement annuity exceeds the amount of his or her earnings with the same participating municipality or participating instrumentality for the previous calendar year by more than 6%, then the participating municipality or participating instrumentality must pay to the fund the present value of the increase in benefits resulting from the portion of the increase in earnings that is in excess of 6%. Provides that the Fund must exclude certain earnings when assessing payment for any amount due under this provision. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Failed) 2013-01-08 - Session Sine Die [HB3076 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2012-05-30	HTML/Text	Link	View
Amended	2012-05-30	HTML/Text	Link	View
Amended	2012-05-29	HTML/Text	Link	View
Amended	2012-05-16	HTML/Text	Link	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3076

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3076 currently on file.

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