91st General Assembly
Status of SB0944
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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