Bill Status of HB 5774   95th General Assembly

Short Description:  PEN CD-ARTS 3 & 7-TRANSFERS

House Sponsors
Rep. Renée Kosel

Last Action  View All Actions

DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/3-110.8
40 ILCS 5/3-110.10
40 ILCS 5/7-139.11
40 ILCS 5/7-139.14 new
30 ILCS 805/8.32 new

Synopsis As Introduced
Amends the Illinois Pension Code. In the Downstate Police Article, provides that, until January 1, 2009, an active member of the Illinois Municipal Retirement Fund that has less than 8 years of creditable service in a police pension fund under the Article may apply for a transfer of his or her creditable service accumulated in that fund to the Illinois Municipal Retirement Fund. In the Illinois Municipal Retirement Fund Article, provides that, until January 1, 2009, a person who has less than 8 years of creditable service under the IMRF Article who has become an active participant in a police pension fund may apply for a transfer of his or her IMRF creditable service to that police pension fund. Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 The fiscal impact of HB 5774 cannot be determined as the number of members who will seek credit transfers is unknown.

Actions 
DateChamber Action
  2/15/2008HouseFiled with the Clerk by Rep. Renée Kosel
  2/15/2008HouseFirst Reading
  2/15/2008HouseReferred to Rules Committee
  2/27/2008HouseAssigned to Personnel and Pensions Committee
  3/10/2008HousePension Note Filed
  3/14/2008HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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