Illinois General Assembly - Bill Status for HB4622
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 Bill Status of HB4622  98th General Assembly

Short Description:  PEN CD-IMRF-SOCIAL SECURITY

House Sponsors
Rep. Elaine Nekritz - William Davis - Arthur Turner, Derrick Smith and Raymond Poe

Senate Sponsors
(Sen. Iris Y. Martinez)

Last Action
DateChamber Action
  8/10/2012HousePublic Act . . . . . . . . . 97-0933

Statutes Amended In Order of Appearance
40 ILCS 5/7-170from Ch. 108 1/2, par. 7-170
40 ILCS 5/7-171from Ch. 108 1/2, par. 7-171
40 ILCS 5/7-172from Ch. 108 1/2, par. 7-172
40 ILCS 5/7-172.2from Ch. 108 1/2, par. 7-172.2
40 ILCS 5/7-173from Ch. 108 1/2, par. 7-173
40 ILCS 5/7-220from Ch. 108 1/2, par. 7-220
30 ILCS 805/8.36 new


Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that revenue generated by specified tax levies may not be used to finance employees' contributions for Federal Social Security taxes. Removes provisions requiring participating municipalities and participating instrumentalities to pay into the Fund employee contributions for Federal Social Security taxes. Makes other technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

House Committee Amendment No. 1
Adds reference to:
40 ILCS 5/15-113from Ch. 108 1/2, par. 15-113
40 ILCS 5/15-135from Ch. 108 1/2, par. 15-135
40 ILCS 5/15-136from Ch. 108 1/2, par. 15-136
40 ILCS 5/15-136.4
40 ILCS 5/15-139from Ch. 108 1/2, par. 15-139
40 ILCS 5/15-153.2from Ch. 108 1/2, par. 15-153.2

Amends the State Universities Article of the Illinois Pension Code. Makes administrative and technical changes and corrects terminology relating to participants and annuitants, disability and disability retirement benefits, calculation of interest, and termination of employment. Extends from 90 to 180 days the period in which a participant in the portable benefit package may elect an optional form of retirement benefit. Effective immediately.

 Pension Note (Government Forecasting & Accountability)
 There is no discernible fiscal impact associated with HB 4622.

Actions 
DateChamber Action
  2/1/2012HouseFiled with the Clerk by Rep. Elaine Nekritz
  2/1/2012HouseFirst Reading
  2/1/2012HouseReferred to Rules Committee
  2/8/2012HouseAdded Co-Sponsor Rep. Derrick Smith
  2/8/2012HouseAdded Chief Co-Sponsor Rep. Arthur Turner
  2/10/2012HouseAdded Chief Co-Sponsor Rep. William Davis
  2/17/2012HouseAssigned to Personnel and Pensions Committee
  2/21/2012HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
  2/21/2012HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  2/22/2012HousePension Note Filed
  2/27/2012HouseHouse Committee Amendment No. 1 Rules Refers to Personnel and Pensions Committee
  3/1/2012HouseHouse Committee Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote
  3/1/2012HouseDo Pass as Amended / Short Debate Personnel and Pensions Committee; 008-000-000
  3/1/2012HousePlaced on Calendar 2nd Reading - Short Debate
  3/7/2012HouseAdded Co-Sponsor Rep. Raymond Poe
  3/9/2012HouseSecond Reading - Short Debate
  3/9/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/22/2012HouseThird Reading - Short Debate - Passed 110-000-000
  3/22/2012SenateArrive in Senate
  3/22/2012SenatePlaced on Calendar Order of First Reading March 23, 2012
  3/22/2012SenateChief Senate Sponsor Sen. Iris Y. Martinez
  3/23/2012SenateFirst Reading
  3/23/2012SenateReferred to Assignments
  4/11/2012SenateAssigned to Pensions and Investments
  4/18/2012SenateDo Pass Pensions and Investments; 008-000-000
  4/18/2012SenatePlaced on Calendar Order of 2nd Reading April 19, 2012
  5/2/2012SenateSecond Reading
  5/2/2012SenatePlaced on Calendar Order of 3rd Reading May 3, 2012
  5/15/2012SenateThird Reading - Passed; 055-000-001
  5/15/2012HousePassed Both Houses
  6/13/2012HouseSent to the Governor
  8/10/2012HouseGovernor Approved
  8/10/2012HouseEffective Date August 10, 2012
  8/10/2012HousePublic Act . . . . . . . . . 97-0933

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