92nd General Assembly
Summary of HB0287
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House Sponsors:

Short description: 
PEN CD-IMRF-EARLY RETMT-ELECTD                                             

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the  Illinois  Pension Code.  In the provisions restricting the return      
   to employment after  receiving  early  retirement  benefits,  excludes      
   elective office.  Effective immediately.                                    
          PENSION NOTE (Pension Laws Commission)                               
          HB287 would probably have little or no fiscal impact as there        
          are few ERI participants likely to forfeit the enhanced (ERI)        
          annuity, as required by current law, by serving as an elected        
          official. Therefore, removing the prohibition against simul-         
          taneously receiving an annuity (based on ERI age enhancement         
          and service credit) and serving as an elected county official        
          would allow some members to participate in an ERI (for regular       
          IMRF service) and continue serving as an elected official.           
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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