Illinois General Assembly - Bill Status for HB4603

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Bill Status of HB4603 95th General Assembly

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Short Description: PENCD-IMRF-TRANSFER FROM ART 3

House Sponsors
Rep. Daniel V. Beiser

Senate Sponsors
(Sen. William R. Haine)

Last Action

Date	Chamber	Action
8/13/2008	House	Public Act . . . . . . . . . 95-0812

Statutes Amended In Order of Appearance

40 ILCS 5/7-139

from Ch. 108 1/2, par. 7-139

30 ILCS 805/8.32 new

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Fund. Provides that, if a member seeking transfer of certain creditable service under the Downstate Police Article to the Illinois Municipal Retirement Fund Article applies before January 1, 2009 and pays the difference between (1) the employer and employee contributions that would have been required if he had participated in the IMRF during the period for which credit is being transferred, plus interest thereon at the effective rate for each year, compounded annually, from the date of termination of the service for which credit is being transferred to the date of payment and (2) the amount actually transferred to IMRF, then the amount of creditable service established shall not be reduced. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

House Committee Amendment No. 1

	Adds reference to:
	40 ILCS 5/3-110	from Ch. 108 1/2, par. 3-110

Replaces everything after the enacting clause. Amends the Downstate Police and Illinois Municipal Retirement Fund Articles of the Illinois Pension Code. Provides that, until January 1, 2010, a police officer who transferred service from the Illinois Municipal Retirement Fund or a member of IMRF who transferred service from a pension fund under the Downstate Police Article of the Code under the provisions of Public Act 94-356 may establish additional credit, but only for the amount of the service credit reduction in that transfer. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
1/24/2008	House	Filed with the Clerk by Rep. Daniel V. Beiser
1/25/2008	House	First Reading
1/25/2008	House	Referred to Rules Committee
2/6/2008	House	Assigned to Personnel and Pensions Committee
2/22/2008	House	House Committee Amendment No. 1 Filed with Clerk by Personnel and Pensions Committee
2/22/2008	House	House Committee Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote
2/22/2008	House	Do Pass as Amended / Short Debate Personnel and Pensions Committee; 005-000-000
2/22/2008	House	Placed on Calendar 2nd Reading - Short Debate
2/28/2008	House	Second Reading - Short Debate
2/28/2008	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/6/2008	House	Third Reading - Short Debate - Passed 105-000-000
3/6/2008	Senate	Arrive in Senate
3/6/2008	Senate	Placed on Calendar Order of First Reading March 11, 2008
3/6/2008	Senate	Chief Senate Sponsor Sen. William R. Haine
3/19/2008	Senate	First Reading
3/19/2008	Senate	Referred to Rules
5/7/2008	Senate	Assigned to Pensions and Investments
5/13/2008	Senate	Do Pass Pensions and Investments; 007-000-000
5/13/2008	Senate	Placed on Calendar Order of 2nd Reading May 14, 2008
5/13/2008	Senate	Second Reading
5/13/2008	Senate	Placed on Calendar Order of 3rd Reading May 14, 2008
5/20/2008	Senate	Third Reading - Passed; 057-000-001
5/20/2008	House	Passed Both Houses
6/18/2008	House	Sent to the Governor
8/13/2008	House	Governor Approved
8/13/2008	House	Effective Date August 13, 2008
8/13/2008	House	Public Act . . . . . . . . . 95-0812

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