Bill Status of HB 1974   95th General Assembly

Short Description:  PENCD-CHCGO FIRE-LUMP SUM PYMT

House Sponsors
Rep. Daniel J. Burke-Kevin Joyce

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/6-127.5 new
30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. Allows active firemen not in receipt of disability benefits who (i) have at least 23 years of creditable service, (ii) have attained age 50, and (iii) withdraw from service on or after the effective date to make an election, upon withdrawal from active service, at the time application for an age and service annuity under the Article is made, to receive a lump sum payment of the employee contributions credited to his or her account that correspond to a period not to exceed the 3 years immediately preceding withdrawal from service, plus an additional 2.26 times that amount representing the corresponding employer contributions made to the Fund, in exchange for an agreement to forfeit all service credit and any applicable benefits under the Act applicable to that service and same time period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

House Amendment No. 1
Replaces everything after the enacting clause. Amends the Chicago Firefighter Article of the Illinois Pension Code. Allows active firemen not in receipt of disability benefits who (i) have at least 23 years of creditable service, (ii) have attained age 50, and (iii) withdraw from service on or after the effective date to make an election at the time application for an age and service annuity in exchange for which he or she agrees to forfeit up to 36 months of service credit. Provides that the lump sum payment shall be an amount equal to (1) the employee contributions credited to his or her account that correspond to the service credit being forfeited, plus (2) an additional 2.26 times that amount representing the corresponding employer contributions made to the Fund, plus (3) the amount of any annuity payments the fireman would have been entitled to during the time of the forfeited service. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/23/2007HouseFiled with the Clerk by Rep. Daniel J. Burke
  2/26/2007HouseFirst Reading
  2/26/2007HouseReferred to Rules Committee
  3/1/2007HouseAssigned to Executive Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  3/26/2007HouseCommittee Deadline Extended-Rule 9(b) March 31, 2007; March 31, 2007
  3/26/2007HouseAssigned to Personnel and Pensions Committee
  3/29/2007HouseCommittee/3rd Reading Deadline Extended-Rule April 30, 2007
  4/17/2007HouseHouse Amendment No. 1 Filed with Clerk by Personnel and Pensions Committee
  4/17/2007HouseHouse Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote
  4/17/2007HouseDo Pass as Amended / Short Debate Personnel and Pensions Committee; 003-000-002
  4/17/2007HousePlaced on Calendar 2nd Reading - Short Debate
  4/17/2007HouseAdded Chief Co-Sponsor Rep. Kevin Joyce
  4/17/2007HouseSecond Reading - Short Debate
  4/17/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/27/2007HouseThird Reading/Final Action Deadline Extended-9(b) May 3, 2007
  5/3/2007HouseThird Reading/Final Action Deadline Extended-9(b) May 10, 2007
  5/10/2007HouseThird Reading/Final Action Deadline Extended-9(b) May 18, 2007
  5/18/2007HouseFinal Action Deadline Extended-9(b) May 25, 2007
  5/25/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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