Illinois General Assembly - Bill Status for SB3877
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 Bill Status of SB3877  102nd General Assembly

Short Description:  PEN CD-TRANSFER ART 3 TO IMRF

Senate Sponsors
Sen. Don Harmon, Patrick J. Joyce, Suzy Glowiak Hilton and John Connor

Last Action
DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/3-110.13 new
40 ILCS 5/7-139from Ch. 108 1/2, par. 7-139
40 ILCS 5/7-139.1a new
30 ILCS 805/8.46 new

Synopsis As Introduced
Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that a participant who is actively employed as a sheriff's law enforcement employee may make an election to transfer up to 10 years of creditable service from a fund established under the Downstate Police Article to IMRF. Provides that upon receiving a written election under the provisions, the fund shall transfer the employee and employer contributions to IMRF as soon as is practicable. Provides that the service shall accrue to the employee with the benefits of service credit that was otherwise earned as service credit under the sheriff's law enforcement employee provisions. Provides that in order to transfer the service credit, the employee must: make a written election for a refund of the employee and employer contributions for the corresponding service credit under the Downstate Police Article; make a written election to the Fund to purchase an amount of service credit that is not greater than the term of service credited; and make payment of the amount determined by the Fund to represent the actual costs of the benefits as established by the Fund minus the amounts received from the fund established under the Downstate Police Article. Makes conforming changes. Amends the State Mandates Act to require implementation without reimbursement by the State.

DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Rachelle Crowe
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments
  2/10/2022SenateAdded as Co-Sponsor Sen. Patrick J. Joyce
  2/10/2022SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
  2/16/2022SenateAdded as Co-Sponsor Sen. John Connor
  6/15/2022SenateChief Sponsor Changed to Sen. Don Harmon
  1/10/2023SenateSession Sine Die

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