MURPHY. 40 ILCS 5/7-154 from Ch. 108 1/2, par. 7-154 40 ILCS 5/7-172 from Ch. 108 1/2, par. 7-172 40 ILCS 5/7-174 from Ch. 108 1/2, par. 7-174 30 ILCS 805/8.23 new Amends the Illinois Municipal Retirement Fund Article of the Pension Code. Provides for the payment of an annuity to the surviving spouse of a former employee who, on the date of death, meets the service requirements but not the age requirements for receiving a retirement annuity. Changes a provision relating to the calculation of employer contributions. Adds a second annuitant member to the Board and gives both annuitant trustees the right to vote on Board business. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The only cost item in HB 2366 is granting a surviving spouse annuity to the surviving spouses of inactive members who meet service but not necessarily age requirements. It is estimated HB 2366 would increase the annual cost of IMRF employers by 0.5% of payroll for regular members and 0.12% of payroll for SLEP employees. This is an average cost for all employers and would vary among individual IMRF employers. Changing the amortization period from 32 to 30 years in 2006 would increase annual employer contributions but would not affect accrued liabilities. 99-02-19 H FIRST READING 99-02-19 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-24 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-15 H PENSION NOTE FILED 99-03-15 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary