PHILIP. 40 ILCS 5/3-110 from Ch. 108 1/2, par. 3-110 40 ILCS 5/3-110.7 30 ILCS 805/8.23 new Amends the Downstate Police Article of the Pension Code in relation to the transfer of credits between pension funds. Deletes the additional (true cost) contribution. Removes the 2-year service requirement. Changes the manner of calculating the amount of contributions and interest to be transferred to the new pension fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of SB 944 cannot be determined, as it de- pends on the amount of service credit transferred between funds. The fiscal impact of eliminating the "true cost" em- ployee contribution could be significant. 99-02-25 S FIRST READING 99-02-25 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-03 S ASSIGNED TO COMMITTEE INS & PENS. 99-03-08 S PENSION NOTE FILED 99-03-08 S COMMITTEE INS & PENS. 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary