Illinois General Assembly - Bill Status for SB0647
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 Bill Status of SB0647  95th General Assembly


Short Description:  PEN CD-IMRF-MILITARY SERVICE

Senate Sponsors
Sen. A. J. Wilhelmi

House Sponsors
(Rep. Jack McGuire - Mike Boland - LaShawn K. Ford - Mary E. Flowers - Monique D. Davis)

Last Action
DateChamber Action
  8/28/2007SenatePublic Act . . . . . . . . . 95-0486

Statutes Amended In Order of Appearance
40 ILCS 5/7-139from Ch. 108 1/2, par. 7-139
30 ILCS 805/8.31 new


Synopsis As Introduced
Amends the IMRF Article of the Illinois Pension Code. Increases the amount of creditable service a participating employee may be granted for service in the armed forces of the United States from 24 months to 48 months. Provides that, if payment is made during the 6-month period that begins one month after the effective date, the required interest shall be at the rate of 2.5% per year, compounded annually; otherwise, the required interest shall be calculated at the regular interest rate. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Senate Committee Amendment No. 1
Removes provisions allowing the employee to pay a reduced interest rate if payment was made during a specified 6-month period.

Actions 
DateChamber Action
  2/8/2007SenateFiled with Secretary by Sen. A. J. Wilhelmi
  2/8/2007SenateFirst Reading
  2/8/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Pensions and Investments
  3/7/2007SenatePostponed - Pensions and Investments
  3/9/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. A. J. Wilhelmi
  3/9/2007SenateSenate Committee Amendment No. 1 Referred to Rules
  3/13/2007SenateSenate Committee Amendment No. 1 Rules Refers to Pensions and Investments
  3/13/2007SenateSenate Committee Amendment No. 1 Adopted
  3/14/2007SenateDo Pass as Amended Pensions and Investments; 008-000-000
  3/14/2007SenatePlaced on Calendar Order of 2nd Reading March 15, 2007
  3/27/2007SenateSecond Reading
  3/27/2007SenatePlaced on Calendar Order of 3rd Reading March 28, 2007
  3/29/2007SenateThird Reading - Passed; 057-000-000
  3/30/2007HouseArrived in House
  3/30/2007HousePlaced on Calendar Order of First Reading
  4/5/2007HouseChief House Sponsor Rep. Jack McGuire
  4/9/2007HouseFirst Reading
  4/9/2007HouseReferred to Rules Committee
  4/30/2007HouseAssigned to Executive Committee
  5/18/2007HouseCommittee Deadline Extended-Rule 9(b) May 25, 2007
  5/25/2007HouseFinal Action Deadline Extended-9(b) May 31, 2007
  5/30/2007HouseDo Pass / Short Debate Executive Committee; 013-000-000
  5/30/2007HousePlaced on Calendar 2nd Reading - Short Debate
  5/30/2007HouseSecond Reading - Short Debate
  5/30/2007HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/31/2007HouseThird Reading - Short Debate - Passed 115-000-000
  5/31/2007SenatePassed Both Houses
  5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Mike Boland
  5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. LaShawn K. Ford
  5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Mary E. Flowers
  5/31/2007HouseAdded Alternate Chief Co-Sponsor Rep. Monique D. Davis
  6/29/2007SenateSent to the Governor
  8/28/2007SenateGovernor Approved
  8/28/2007SenateEffective Date August 28, 2007
  8/28/2007SenatePublic Act . . . . . . . . . 95-0486

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