Illinois General Assembly - Bill Status for HB5189

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Allows a sheriff's law enforcement employee (SLEP) to convert up to 10 years of non-SLEP service credit into SLEP credit by paying the difference in employee and employer contributions, plus interest. Increases the SLEP retirement formula to 2.5% of the final rate of earnings for each year of SLEP service. Increases the maximum pension payable to a SLEP from 75% to 80% of the final rate of earnings. Removes the 2-year service requirement for earning new benefits after a return to service as a SLEP. Increases the additional employee contribution paid by SLEPs to 2.5% of salary. Also eliminates the reduction in benefit imposed on a surviving spouse who is more than 5 years younger than the deceased member, for the surviving spouse of any member who dies on or after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Pension Note (Economic and Fiscal Commission)

According to IMRF, the formula increase provided by House Bill 5189 would increase the average annual cost of SLEP employers by an estimated 2.56% of payroll, assuming an amortization period of 28 years. The cost would be reduced by an increase in employee contributions of 0.5% salary, resulting in an average annual employer cost of 2.06% of payroll for SLEP employers. The other provisions of House Bill 5189 would have a fiscal impact, but it has not been determined. The cost estimate is based on a modified retirement rate assumption, as the formula increase provided by House Bill 5168 reduces the number of years of service required to achieve the maximum annuity of 80% of final average salary.

Actions

Date	Chamber	Action
2/5/2004	House	Filed with the Clerk by Rep. Kurt M. Granberg
2/5/2004	House	First Reading
2/5/2004	House	Referred to Rules Committee
3/30/2004	House	Added Chief Co-Sponsor Rep. Steve Davis
3/30/2004	House	Chief Co-Sponsor Changed to Rep. Steve Davis
3/31/2004	House	Assigned to Personnel and Pensions Committee
3/31/2004	House	Added Chief Co-Sponsor Rep. William B. Black
3/31/2004	House	Added Chief Co-Sponsor Rep. Richard T. Bradley
3/31/2004	House	Chief Co-Sponsor Changed to Rep. Richard T. Bradley
3/31/2004	House	Chief Co-Sponsor Changed to Rep. William B. Black
4/1/2004	House	Chief Co-Sponsor Rep. Mike Boland
4/1/2004	House	Added Co-Sponsor Rep. Lou Lang
4/1/2004	House	Added Co-Sponsor Rep. Larry McKeon
4/1/2004	House	Added Co-Sponsor Rep. Rich Brauer
4/1/2004	House	Added Co-Sponsor Rep. Raymond Poe
4/1/2004	House	Added Co-Sponsor Rep. Joseph M. Lyons
4/2/2004	House	Committee/3rd Reading Deadline Extended-Rule 9(b); April 30, 2004
4/20/2004	House	Added Co-Sponsor Rep. Jack D. Franks
4/21/2004	House	Added Co-Sponsor Rep. Mike Bost
4/21/2004	House	Added Co-Sponsor Rep. Jack McGuire
4/21/2004	House	Added Co-Sponsor Rep. Daniel J. Burke
4/21/2004	House	Added Co-Sponsor Rep. Ralph C. Capparelli
4/21/2004	House	Pension Note Requested by Rep. Kevin A. McCarthy
4/22/2004	House	Do Pass / Short Debate Personnel and Pensions Committee; 006-000-000
4/22/2004	House	Placed on Calendar 2nd Reading - Short Debate
4/22/2004	House	Chief Co-Sponsor Rep. Dan Brady
4/26/2004	House	Pension Note Filed
4/27/2004	House	Second Reading - Short Debate
4/27/2004	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/27/2004	House	Added Co-Sponsor Rep. Linda Chapa LaVia
4/28/2004	House	Added Co-Sponsor Rep. Patricia Bailey
4/28/2004	House	Third Reading - Short Debate - Passed 105-012-001
4/28/2004	House	Added Co-Sponsor Rep. Careen Gordon
4/28/2004	House	Added Co-Sponsor Rep. Naomi D. Jakobsson
4/29/2004	Senate	Arrive in Senate
4/29/2004	Senate	Placed on Calendar Order of First Reading April 29, 2004
4/29/2004	Senate	Chief Senate Sponsor Sen. Denny Jacobs
4/29/2004	Senate	First Reading
4/29/2004	Senate	Referred to Rules
4/29/2004	House	Added Co-Sponsor Rep. Kevin Joyce
5/4/2004	House	Added Co-Sponsor Rep. John A. Fritchey
11/9/2004	Senate	Added as Alternate Co-Sponsor Sen. Deanna Demuzio
1/11/2005	House	Session Sine Die

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