Bill Status of HB 2656   98th General Assembly

Short Description:  IMRF-TRANSFERRED CREDIT

House Sponsors
Rep. Darlene J. Senger-Raymond Poe-David Harris-Ron Sandack-Kay Hatcher, Thomas Morrison and David McSweeney

Senate Sponsors
(Sen. William E. Brady)


Last Action  View All Actions

DateChamber Action
  8/16/2013HousePublic Act . . . . . . . . . 98-0439

Statutes Amended In Order of Appearance
40 ILCS 5/7-139from Ch. 108 1/2, par. 7-139

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that, for service transferred from a downstate police pension fund under a specific provision, credits and creditable service shall be granted upon transfer of those credits to IMRF. Specifies that if the board determines that the amount transferred is less than the true cost to the Fund of allowing that creditable service to be established, then in order to establish that creditable service, the member must pay to the Fund an additional contribution equal to the difference, as determined by the board in accordance with the rules and procedures adopted by the Fund. Provides that if the member does not make the full additional payment prior to termination of his participation with that employer, then his or her creditable service shall be reduced by an amount equal to the difference between the amount transferred and the true cost to the Fund of allowing that creditable service to be established, as determined by the board in accordance with the rules and procedures that it adopts. Authorizes the board to establish, by rule, the manner of making these calculations. Effective immediately.

Actions 
DateChamber Action
  2/21/2013HouseFiled with the Clerk by Rep. Darlene J. Senger
  2/21/2013HouseFirst Reading
  2/21/2013HouseReferred to Rules Committee
  3/4/2013HouseAssigned to Personnel and Pensions Committee
  3/13/2013HouseAdded Chief Co-Sponsor Rep. Raymond Poe
  3/13/2013HouseAdded Chief Co-Sponsor Rep. David Harris
  3/13/2013HouseAdded Chief Co-Sponsor Rep. Ron Sandack
  3/13/2013HouseAdded Chief Co-Sponsor Rep. Kay Hatcher
  3/14/2013HouseAdded Co-Sponsor Rep. Thomas Morrison
  3/14/2013HouseDo Pass / Short Debate Personnel and Pensions Committee; 010-000-000
  3/15/2013HousePlaced on Calendar 2nd Reading - Short Debate
  3/22/2013HouseAdded Co-Sponsor Rep. David McSweeney
  4/8/2013HouseSecond Reading - Short Debate
  4/8/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/12/2013HouseThird Reading - Short Debate - Passed 107-000-000
  4/12/2013SenateArrive in Senate
  4/12/2013SenatePlaced on Calendar Order of First Reading April 16, 2013
  4/17/2013SenateChief Senate Sponsor Sen. William E. Brady
  4/18/2013SenateFirst Reading
  4/18/2013SenateReferred to Assignments
  4/24/2013SenateAssigned to Executive
  5/2/2013SenateDo Pass Executive; 012-000-000
  5/2/2013SenatePlaced on Calendar Order of 2nd Reading May 6, 2013
  5/20/2013SenateSecond Reading
  5/20/2013SenatePlaced on Calendar Order of 3rd Reading May 21, 2013
  5/22/2013SenateThird Reading - Passed; 057-000-000
  5/22/2013HousePassed Both Houses
  6/19/2013HouseSent to the Governor
  8/16/2013HouseGovernor Approved
  8/16/2013HouseEffective Date August 16, 2013
  8/16/2013HousePublic Act . . . . . . . . . 98-0439

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