House Sponsors: SMITH,MICHAEL. Short description: PEN CD-IMRF-ECO RESERVES Synopsis of Bill as introduced: Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. Provides that each county with current or former elected county officers participating in the alternative annuity program shall have a separate employer contribution rate computed for those elected officers, and provides that those officers shall be treated as a separate unit within the Fund. Provides that a municipality may transfer funds among its reserves, from one that is over 100% funded to one that is less, under certain circumstances. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 3679 cannot be determined and would vary among municipalities. The fiscal impact is expected to very minor, as only accounting changes are provided for in HB 3679. 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