House Sponsors: BOLAND. Short description: PEN CD-IMRF-HEALTH PLAN Synopsis of Bill as introduced: Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Pension Code to provide a program of group health benefits for retired employees and their dependents and survivors. Provides for the Fund to defray part of the cost of participation. Requires active employees to contribute 1.0% of earnings toward the cost of the program. Requires employers to contribute 1.25% of payroll. Includes a transitional subsidy program to subsidize the cost of participation of certain annuitants who have contributed for less than 48 months. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE The fiscal impact of HB 3420 has not been calculated. The bill would increase the contribution rates of all IMRF employers by 1.25% of payroll, while the employee contributions would increase by 1% of salary. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status