92nd General Assembly
Status of SB0566
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 Full Text  Bill Summary

   40 ILCS 5/7-151           from Ch. 108 1/2, par. 7-151                      
   40 ILCS 5/7-152           from Ch. 108 1/2, par. 7-152                      
   40 ILCS 5/7-166           from Ch. 108 1/2, par. 7-166                      
   40 ILCS 5/7-172           from Ch. 108 1/2, par. 7-172                      
   30 ILCS 805/8.25 new                                                        

        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the Illinois Pension Code. Extends the duration of certain disability       
   benefits to the age at which the recipient becomes eligible for a full      
   Social Security old-age insurance benefit. Authorizes the payment of a      
   separation  benefit  to  a  person  who  is  entitled  to a retirement      
   annuity, but wishes instead to use the amounts to his or her credit in      
   the Fund to purchase credit in another retirement plan.   Changes  the      
   amortization    period    used   in   calculating   certain   employer      
   contributions, from 40 years to the period  that  is  allowable  under      
   generally  accepted  accounting principles.  Amends the State Mandates      
   Act  to  require  implementation  without  reimbursement.    Effective      
          PENSION NOTE (Pension Laws Commission)                               
          There would be a fiscal impact associated with SB 566, but it        
          has not been determined. Extending the duration of total and         
          permanent disability benefits and changing the amortization          
          period may significantly impact some employers.                      
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-12-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-12-2001  S                   COMMITTEE               INS & PENS.           
   MAR-31-2001  S  RE-REFERRED TO RULES COMM/RULE 3-9(A)    RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary