Bill Status of SB 1423   101st General Assembly

Short Description:  PENCD-SERS-ALTERNATIVE FORMULA

Senate Sponsors
Sen. Robert F. Martwick-Iris Y. Martinez

Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/14-110from Ch. 108 1/2, par. 14-110
40 ILCS 5/14-152.1

Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Provides that a State policeman may elect to convert service credit earned under the Article to eligible creditable service under the alternative retirement annuity formula by filing a written election with the Board and making a specified contribution. Provides that the conversion of service credit to eligible creditable service is not subject to provisions that limit the amount of eligible creditable service that may be established to 12 years. Provides that a State policeman may elect to establish eligible creditable service under the alternative retirement annuity formula for up to 5 years of service as a person employed by a participating municipality to perform police duties under the Illinois Municipal Retirement Fund (IMRF) Article, a county corrections officer, or a court services officer under the Cook County Article by filing a written application with the Board and making a specified contribution. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.

Actions 
DateChamber Action
  2/13/2019SenateFiled with Secretary by Sen. John G. Mulroe
  2/13/2019SenateFirst Reading
  2/13/2019SenateReferred to Assignments
  2/20/2019SenateAssigned to Government Accountability and Ethics
  3/6/2019SenatePostponed - Government Accountability and Ethics
  3/8/2019SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe
  3/8/2019SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/12/2019SenateAdded as Chief Co-Sponsor Sen. Iris Y. Martinez
  3/12/2019SenateSenate Committee Amendment No. 1 Assignments Refers to Government Accountability and Ethics
  3/13/2019SenateSenate Committee Amendment No. 1 To
  3/13/2019SenateTo
  3/22/2019SenateRule 2-10 Committee Deadline Established As March 28, 2019
  3/28/2019SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  3/28/2019SenateRule 3-9(a) / Re-referred to Assignments
  6/21/2019SenateChief Sponsor Changed to Sen. John J. Cullerton
  1/20/2020SenateChief Sponsor Changed to Sen. Don Harmon
  2/26/2020SenateChief Sponsor Changed to Sen. Robert F. Martwick
  1/13/2021SenateSession Sine Die

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