SMITH,MICHAEL. 40 ILCS 5/7-139 from Ch. 108 1/2, par. 7-139 40 ILCS 5/7-141 from Ch. 108 1/2, par. 7-141 40 ILCS 5/7-141.1 40 ILCS 5/7-166 from Ch. 108 1/2, par. 7-166 40 ILCS 5/7-167 from Ch. 108 1/2, par. 7-167 40 ILCS 5/7-211 from Ch. 108 1/2, par. 7-211 40 ILCS 5/7-224 new Amends the Municipal (IMRF) Article of the Pension Code. Eliminates the requirement that a person seeking early retirement incentives give the Fund notice 60 days in advance of retirement. Eliminates the 8-year vesting requirement if the General Assembly terminates the Fund. Provides that terminated credits shall not be applied to increase the benefits any remaining employee would otherwise receive. With respect to the application of limitations under Section 415 of the Internal Revenue Code of 1986, provides that a benefit reduction required to meet those limitations shall first be applied to benefits not arising under the IMRF Article. Changes provisions relating to refunds upon termination of employment. Provides that a person who has authorized the withholding of health insurance premiums from an annuity may revoke that authorization at any time. Also makes technical corrections. Effective January 1, 2001. 99-02-18 H FILED WITH CLERK 99-02-18 H FIRST READING 99-02-18 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-24 H ASSIGNED TO COMMITTEE PERS PENSION 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary