Illinois General Assembly - Bill Status for SB2712

Synopsis As Introduced
Amends the IMRF 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. In the provisions relating to employer pick-up of employee contributions, requires pick-up of employee contributions under the alternative program for elected county officers. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/4/2004	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.
2/4/2004	Senate	First Reading
2/4/2004	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die

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