Illinois General Assembly - Bill Status for HB3762
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 Bill Status of HB3762  99th General Assembly

Short Description:  PENCD-LOCAL CONTROL

House Sponsors
Rep. Thomas Morrison

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/3-101from Ch. 108 1/2, par. 3-101
40 ILCS 5/3-101.5 new
40 ILCS 5/3-150from Ch. 108 1/2, par. 3-150
40 ILCS 5/4-101from Ch. 108 1/2, par. 4-101
40 ILCS 5/4-101.5 new
40 ILCS 5/4-142from Ch. 108 1/2, par. 4-142
40 ILCS 5/7-109from Ch. 108 1/2, par. 7-109
40 ILCS 5/7-134.5 new
40 ILCS 5/7-210from Ch. 108 1/2, par. 7-210

Synopsis As Introduced
Amends the Illinois Pension Code. In the Downstate Firefighter and Downstate Police Articles, provides that a municipality may, by ordinance, assume local control of the municipality's police or firefighter's pension fund, with the power to change the terms of the plan. In the Illinois Municipal Retirement Fund (IMRF) Article, provides that a municipality may end its participation in IMRF and create its own municipal pension fund; specifies certain conditions and provides for transfer of certain contributions and liabilities from IMRF to the new municipal pension fund.

DateChamber Action
  2/26/2015HouseFiled with the Clerk by Rep. Thomas Morrison
  2/27/2015HouseFirst Reading
  2/27/2015HouseReferred to Rules Committee
  1/10/2017HouseSession Sine Die

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