House Sponsors: GRANBERG. Short description: PEN CD-IMRF-POLICE PARTICIPATE Synopsis of Bill as introduced: Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Pension Code. Requires participation by all full-time municipal police officers who do not participate in an Article 3 police pension fund. Makes these police officers eligible for the sheriff's law enforcement (SLEP) formula. Excludes Chicago. Pre-empts home rule powers. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 959 cannot be determined and would vary among municipalities. If the employer does not currently parti- cipate in IMRF for their municipal employees or police offi- cers, the cost of providing retirement benefits to police officers could be substantial. The cost would also increase for municipalities that currently offer police officers the IMRF regular formula, as HB 959 requires all IMRF-covered police officers to be covered by the SLEP formula. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status