Illinois General Assembly - Bill Status for SB1542

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Bill Status of SB1542 96th General Assembly

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Short Description: PEN CD-ART 3 & 4 TRANSFERS

Senate Sponsors
Sen. David Koehler

Last Action

Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

Synopsis As Introduced
Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Allows participants of a downstate police pension fund to transfer up to 10 years of creditable service to the IMRF and allows participants of IMRF to transfer up to 10 years of creditable service to the a downstate police pension fund. Requires the participant to either pay the difference in contributions or have the creditable service reduced accordingly. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/18/2009	Senate	Filed with Secretary by Sen. David Koehler
2/18/2009	Senate	First Reading
2/18/2009	Senate	Referred to Assignments
2/25/2009	Senate	Assigned to Pensions and Investments
3/6/2009	Senate	Postponed - Pensions and Investments
3/12/2009	Senate	Postponed - Pensions and Investments
3/13/2009	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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