RAUSCHENBERGER. 40 ILCS 5/7-137 from Ch. 108 1/2, par. 7-137 40 ILCS 5/7-224 new Amends the IMRF Article of the Pension Code. Authorizes the creation of an optional defined contribution retirement plan for supervisory employees of cities and villages. Effective immediately. PENSION NOTE Fiscal impact cannot be determined; fiscal impact per employer depends on number of participating employees and contribution rates. 98-02-19 S FIRST READING 98-02-19 S REFERRED TO SENATE RULES COMMITTEE RULES 98-04-24 S PENSION NOTE FILED AS INTRODUCED 98-04-24 S COMMITTEE RULES 99-01-12 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary