Illinois General Assembly - Bill Status for HB0144

Illinois General Assembly - Bill Status for HB0144

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Bill Status of HB0144 97th General Assembly

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Short Description: PEN CD-DISSOLUTION OF FUNDS

House Sponsors
Rep. Jack D. Franks and Elaine Nekritz

Senate Sponsors
(Sen. Pamela J. Althoff)

Last Action

Date	Chamber	Action
7/14/2011	House	Public Act . . . . . . . . . 97-0099

Statutes Amended In Order of Appearance

40 ILCS 5/3-101

from Ch. 108 1/2, par. 3-101

40 ILCS 5/3-144.6 new

40 ILCS 5/4-101

from Ch. 108 1/2, par. 4-101

40 ILCS 5/4-106.1

from Ch. 108 1/2, par. 4-106.1

30 ILCS 805/8.35 new

Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Allows the corporate authorities of a municipality, by resolution or ordinance, to dissolve the downstate police or firefighter pension funds established by the municipality if an independent auditor has certified to the authorities that the funds have no liabilities, participants, or beneficiaries entitled to benefits. Requires the corporate authorities of the municipality to reestablish those funds if a police officer or firefighter of the municipality seeks to establish service credit in the fund or if reestablishment of the fund is required upon a former police officer or firefighter's reinstatement of creditable service. Suspends the duty of the corporate authorities of a municipality to establish and administer a downstate police or firefighter pension fund while the fund is dissolved. Requires the Public Pension Division of the Department of Insurance to adopt corresponding procedural rules.

Actions

Date	Chamber	Action
1/13/2011	House	Filed with the Clerk by Rep. Jack D. Franks
1/18/2011	House	First Reading
1/18/2011	House	Referred to Rules Committee
2/8/2011	House	Assigned to Executive Committee
2/14/2011	House	Re-assigned to Personnel and Pensions Committee
3/10/2011	House	Do Pass / Short Debate Personnel and Pensions Committee; 009-000-000
3/10/2011	House	Placed on Calendar 2nd Reading - Short Debate
3/29/2011	House	Added Co-Sponsor Rep. Elaine Nekritz
3/29/2011	House	Second Reading - Short Debate
3/29/2011	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/30/2011	House	Third Reading - Short Debate - Passed 116-000-000
3/31/2011	Senate	Arrive in Senate
3/31/2011	Senate	Placed on Calendar Order of First Reading
3/31/2011	Senate	Chief Senate Sponsor Sen. Pamela J. Althoff
3/31/2011	Senate	First Reading
3/31/2011	Senate	Referred to Assignments
4/27/2011	Senate	Assigned to Pensions and Investments
5/4/2011	Senate	Do Pass Pensions and Investments; 006-000-000
5/4/2011	Senate	Placed on Calendar Order of 2nd Reading May 5, 2011
5/12/2011	Senate	Second Reading
5/12/2011	Senate	Placed on Calendar Order of 3rd Reading May 13, 2011
5/17/2011	Senate	Third Reading - Passed; 055-000-000
5/17/2011	House	Passed Both Houses
6/15/2011	House	Sent to the Governor
7/14/2011	House	Governor Approved
7/14/2011	House	Effective Date January 1, 2012
7/14/2011	House	Public Act . . . . . . . . . 97-0099