Bill Title: Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. In the Section concerning credits and creditable service, provides that if the effective date of participation for the participating municipality or participating instrumentality is on or after the effective date of the amendatory Act, creditable service shall be granted for prior service to the extent determined by the employer, subject to the rules and procedures adopted by the board of trustees of the fund. Makes a corresponding change. Specifies the method by which the election shall be made. Contains a nonacceleration provision. Effective January 1, 2015.

Sponsorship: Partisan Bill (Republican 1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB5914 Detail]

Text: Latest bill text (Amended) [HTML]

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