Bill Status of HB 3370   97th General Assembly

Short Description:  PEN CD-IMRF-DEF CONTRIB PLAN

House Sponsors
Rep. Mike Fortner

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/7-173.3 new
30 ILCS 805/8.35 new

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Requires the Fund, by rule, to establish a defined contribution benefit plan. Requires the plan to be qualified under the Internal Revenue Code of 1986 and to authorize each participating municipality and participating instrumentality to (i) require participation in the plan by any person who first becomes its employee on or after January 1, 2012, (ii) define benefit levels and employer contributions as it sees fit, (iii) make benefit changes as it deems appropriate, and (iv) otherwise administer the plan. Provides that participating municipalities and instrumentalities must elect to participate in the plan by no later than January 1, 2012. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Mike Fortner
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Personnel and Pensions Committee
  3/4/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mike Fortner
  3/4/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/7/2011HouseHouse Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee
  3/17/2011HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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