Illinois General Assembly - Bill Status for SB2359

Synopsis As Introduced
Amends the Downstate Police Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a police officer who is at least age 50 with 20 years of service may continue in active service for up to 5 years while having his or her retirement pension paid into a special account, to be distributed to the police officer upon retirement. Bases the retirement pension on the police officer's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Effective immediately.

Actions

Date	Chamber	Action
2/27/2009	Senate	Filed with Secretary by Sen. Kirk W. Dillard
2/27/2009	Senate	First Reading
2/27/2009	Senate	Referred to Assignments
2/10/2010	Senate	Assigned to Pensions and Investments
2/25/2010	Senate	Tabled By Sponsor Sen. Kirk W. Dillard

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