House Sponsors: BURKE-CAPPARELLI-MENDOZA-ACEVEDO. Short description: PEN CD-CHGO FIRE-DEATH BENFT Synopsis of Bill as introduced: Amends the Chicago Firefighter Article of the Illinois Pension Code. Allows rollover contributions from other retirement plans qualified under the Internal Revenue Code of 1986 to be used to purchase optional credit or repay a refund. Authorizes the Board to adopt rules to prescribe the manner of repaying refunds and purchasing optional credits. Provides a death benefit and widow's annuity for beneficiaries of a firefighter who dies before beginning to receive a retirement annuity, but after separation from service with at least 20 years of service credit, if the separation occurs on or after January 1, 1990 and before attainment of age 50. Allows a firefighter to pledge a refund as security for certain credit union loans. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of HB 4256 has not been determined. According to the Fund's actuary, the fiscal impact is estimated to be minor. 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