Illinois General Assembly - Bill Status for HB1470
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 Bill Status of HB1470  93rd General Assembly


Short Description:  PEN CD-QILDRO-CALCULATION

House Sponsors
Rep. Julie Hamos

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-119


Synopsis As Introduced
Amends the Illinois Pension Code. Provides that a QILDRO may specify a percentage of the member's benefit or apply a formula to determine the amount of the member's benefit to be paid to an alternate payee. Provides that, if so specified, a QILDRO shall take effect at a date other than at the time the benefit becomes payable. Provides that an alternate payee may not consent to a form of payment that has the effect of diminishing the amount of the payment to which he or she is entitled unless the written consent is notarized. Effective immediately.

 Pension Note (Pension Laws Commission)
 HB 1470 would not increase the accrued liabilities or annual cost of any public pension fund or retirement system in Illinois.

Actions 
DateChamber Action
  2/6/2003HouseFiled with the Clerk by Rep. Julie Hamos
  2/6/2003HouseFirst Reading
  2/6/2003HouseReferred to Rules Committee
  2/11/2003HouseAssigned to Personnel and Pensions Committee
  2/20/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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