Illinois General Assembly - Bill Status for SB0305

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Bill Status of SB0305 94th General Assembly

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Short Description: PEN CD-IMRF-OVER 65 OPT OUT

Senate Sponsors
Sen. Iris Y. Martinez

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/7-137

from Ch. 108 1/2, par. 7-137

40 ILCS 5/7-144

from Ch. 108 1/2, par. 7-144

Synopsis As Introduced
Amends the IMRF Article of the Illinois Pension Code. Provides that a person who becomes an employee after attaining age 65 may elect not to participate in the Fund for that employment. Provides for continuation of the employee's retirement annuity despite that employment. Effective immediately.

	Pension Note (Commission on Gov't Forecasting and Accountability)
	Senate Bill 305 allows any person becoming an employee after attaining age 65 to opt out of the Fund and has no fiscal impact.

Actions

Date	Chamber	Action
2/15/2005	Senate	Filed with Secretary by Sen. Iris Y. Martinez
2/15/2005	Senate	First Reading
2/15/2005	Senate	Referred to Rules
2/17/2005	Senate	Assigned to Pensions & Investments
3/2/2005	Senate	Held in Pensions & Investments
3/9/2005	Senate	Postponed - Pensions & Investments
3/11/2005	Senate	Pension Note Filed from the Commission on Government Forecasting and Accountability.
3/16/2005	Senate	Postponed - Pensions & Investments
3/18/2005	Senate	Rule 3-9(a) / Re-referred to Rules
1/9/2007	Senate	Session Sine Die

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