Illinois General Assembly - Bill Status for SB0370

Amends the Chicago Police Article of the Illinois Pension Code. Authorizes an active member with at least 5 years of creditable service to establish up to 10 years of additional service credit for certain employment as a law enforcement officer with a downstate municipal police department, the Cook County Police Department, the State of Illinois, or the Chicago Housing Authority. Requires the applicant to pay employee and employer contributions, plus interest. Permits the use of rollover contributions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

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

Date	Chamber	Action
2/15/2005	Senate	Filed with Secretary by Sen. James A. DeLeo
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	Postponed - 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

	Pension Note (Commission on Gov't Forecasting and Accountability)
	The fiscal impact of Senate Bill 370 cannot be calculated, as the amount of service credit that would be established is unknown. There may be a fiscal impact, as the interest that must be paid by the member is only 4% annually.