91st General Assembly
Status of SB1103
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MADIGAN,R-PHILIP-SHADID-BOWLES-LUECHTEFELD, WATSON AND DEMUZIO.

(DANIELS-SMITH,MICHAEL-BLACK-HOLBROOK-STEPHENS)

   40 ILCS 5/1-113.5                                                           

        Amends the  General  Provisions  Article  of  the  Pension  Code.      
   Allows  a  pension  fund  to  appoint an investment adviser who is not      
   registered under the Illinois Securities Law of 1953, if  the  adviser      
   "meets   any   applicable   requirements"   of  that  Act.   Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          SB 1103 would have no fiscal impact on the accrued liabilities       
          of any public pension fund or retirement system in the State.        
        HOUSE AMENDMENT NO. 1.  (Tabled May 27, 1999)                          
          Adds reference to:                                                   
          40 ILCS 5/2-110                 from Ch. 108 1/2, par. 2-110         
          40 ILCS 5/2-117                 from Ch. 108 1/2, par. 2-117         
          40 ILCS 5/7-139.1               from Ch. 108 1/2, par. 7-139.1       
        Amends the General Assembly and  IMRF  Articles  of  the  Pension      
   Code.   Until  July 1, 2000, allows former members of the GA system to      
   transfer credits from IMRF to the  GA  system.   Allows  the  Attorney      
   General to avoid paying the employer contributions on those transfers.      
   Extends to July 1, 2000 the deadline for rescinding an election not to      
   participate in the GA System.  Effective immediately.                       
        HOUSE AMENDMENT NO. 2.  (Tabled May 27, 1999)                          
          Adds reference to:                                                   
          40 ILCS 5/7-145.1                                                    
        Amends the Illinois Municipal  Retirement  Fund  Article  of  the      
   Illinois  Pension Code with respect to the optional plan of additional      
   benefits and contributions  for  elected  county  officers  and  their      
   survivors.  Limits application of the special formula to service in an      
   elected  county office that the participant held for at least 8 years;      
   provides for a refund of additional contributions if  service  in  the      
   office lasts less than 8 years.  Changes the manner of calculating the      
   salary upon which benefits are based; uses a 4-year average final rate      
   of  earnings  and  applies  a separate rate for each qualifying office      
   held. Allows a county to revoke its election to allow participation in      
   the Elected County Officer program, except  with  respect  to  current      
   participants.                                                               
        HOUSE AMENDMENT NO. 3.                                                 
          Deletes reference to:                                                
          40 ILCS 5/1-113.5                                                    
          40 ILCS 5/2-110                                                      
          40 ILCS 5/2-117                                                      
          40 ILCS 5/7-139.1                                                    
          Adds reference to:                                                   
          40 ILCS 5/7-145.1                                                    
        Deletes everything.  Amends  the  Illinois  Municipal  Retirement      
   Fund Article of the Illinois Pension Code with respect to the optional      
   plan  of  additional  benefits  and  contributions  for elected county      
   officers and their  survivors.   Limits  application  of  the  special      
   formula  to  service  in an elected county office that the participant      
   held for at least  8  years;  provides  for  a  refund  of  additional      
   contributions  if  service  in  the  office  lasts  less than 8 years.      
   Changes the manner of calculating the salary upon which  benefits  are      
   based;  uses  a  4-year  average  final rate of earnings and applies a      
   separate rate for each qualifying office  held.  Allows  a  county  to      
   revoke  its  election  to  allow  participation  in the Elected County      
   Officer  program,  except  with  respect  to   current   participants.      
   Effective immediately.                                                      
          PENSION NOTE, H-AM 3 (Pension Laws Commission)                       
          The fiscal impact of SB1103, with H-am 3, cannot be calculated.      
          Allowing counties to revoke the election to participate would        
          reduce the future cost to counties that elect to do so. Also,        
          several provisions of the bill may limit future costs of the         
          program by an amount that cannot be determined.                      
          PENSION NOTE, PA 91-685 (Pension Laws Commission)                    
          Same as pension note with H-am 3.                                    
   99-02-26  S  FIRST READING                                                  
   99-02-26  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-03-03  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   99-03-08  S                        PENSION NOTE FILED                       
   99-03-16  S                                 POSTPONED                       
   99-03-18  S       DO PASS                             010-000-000   SINS    
   99-03-18  S  PLACED ON CALENDAR ORDER OF 2ND READING  99-03-19              
   99-03-22  S  SECOND READING                                                 
   99-03-22  S  PLACED ON CALENDAR ORDER OF 3RD READING  99-03-23              
   99-03-23  S  THIRD READING - PASSED                   058-000-000           
   99-03-23  H  ARRIVE IN HOUSE                                                
   99-03-23  H  HOUSE SPONSOR                            OSMOND                
   99-03-23  H  FIRST READING                                                  
   99-03-23  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-03-26  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   99-04-29  H                                           COMMITTEE AND 3RD     
   99-04-29  H                                           READING DEADLINE      
   99-04-29  H                                           EXTENDED - 5/21/99    
   99-04-29  H                   COMMITTEE               PERS PENSION          
   99-05-21  H  ALTERNATE PRIMARY SPONSOR CHANGED TO     DANIELS               
   99-05-21  H                                           COMMITTEE AND 3RD     
   99-05-21  H                                           READING DEADLINE      
   99-05-21  H                                           EXTENDED - 5/31/99    
   99-05-21  H                   COMMITTEE               PERS PENSION          
   99-05-26  H  MOTION FILED TO SUSPEND RULE 25          MURPHY                
   99-05-26  H  MOTION PREVAILED TO SUSPEND RULE 25                            
   99-05-26  H                   COMMITTEE               PERS PENSION          
   99-05-26  H                             AMENDMENT NO. 01-PERS PENSION  H    
   99-05-26  H                                   ADOPTED 011-000-000           
   99-05-26  H                             AMENDMENT NO. 02-PERS PENSION  H    
   99-05-26  H                                   ADOPTED 011-000-000           
   99-05-26  H  DO PASS AMENDED/SHORT DEBATE             011-000-000   HPPN    
   99-05-26  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   99-05-26  H  ADDED AS A JOINT SPONSOR                 SMITH,MICHAEL         
   99-05-26  H  ADDED AS A JOINT SPONSOR                 BLACK                 
   99-05-26  H  ADDED AS A JOINT SPONSOR                 HOLBROOK              
   99-05-26  H  ADDED AS A JOINT SPONSOR                 STEPHENS              
   99-05-26  H  SECOND READING-SHORT DEBATE                                    
   99-05-26  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-05-27  H  RECALLED TO SECOND READING-SHORT DEBATE                        
   99-05-27  H                             AMENDMENT NO. 03-DANIELS            
   99-05-27  H                     AMENDMENT REFERRED TO HRUL                  
   99-05-27  H  RECOMMENDS BE ADOPTED                    HRUL                  
   99-05-27  H  MOTION TO TABLE AMENDMENT - PREVAILED    01                    
   99-05-27  H  MOTION TO TABLE AMENDMENT - PREVAILED    02                    
   99-05-27  H                             AMENDMENT NO. 03-DANIELS            
   99-05-27  H                                   ADOPTED                       
   99-05-27  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-05-27  H  THIRD READING/SHORT DEBATE/PASSED        115-000-000           
   99-05-27  S  SECRETARYS DESK - CONCURRENCE            03                    
   99-05-27  S  FILED WITH SECRETARY                                           
   99-05-27  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 03/MADIGAN,R          
   99-05-27  S                        MOTION REFERRED TO SRUL                  
   99-05-27  S  PLACED ON CALENDAR ORDER OF CONCURRENCE  03/99-05-27           
   99-06-27  S  REFER TO RULES/PURSUANT SEN RULE 3-9 (B) RULES         SRUL    
   99-11-04  S  APPROVED FOR CONSIDERATION               SRUL          SRUL    
   99-11-04  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 03/MADIGAN,R          
   99-11-04  S                           RULES REFERS TO SINS                  
   99-11-16  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 03/MADIGAN,R          
   99-11-16  S                                BE ADOPTED SINS/007-000-000      
   99-11-16  S  ADDED AS A CHIEF CO-SPONSOR              SHADID                
   99-11-16  S  ADDED AS A CHIEF CO-SPONSOR              BOWLES                
   99-11-16  S  ADDED AS A CO-SPONSOR                    DEMUZIO               
   99-11-17  S  ADDED AS A CHIEF CO-SPONSOR              LUECHTEFELD           
   99-11-17  S  ADDED AS A CO-SPONSOR                    WATSON                
   99-11-17  S     MOTION TO CONCUR - HOUSE AMENDMENT NO 03/MADIGAN,R          
   99-11-17  S                        PENSION NOTE FILED AS AMENDED HA 03      
   99-11-17  S  SEN CONCURS IN HSE AMENDMENTS (NO.)      03/056-000-000        
   99-11-17  S  PASSED BOTH HOUSES                                             
   99-12-13  S  SENT TO THE GOVERNOR                                           
   00-01-26  S  GOVERNOR APPROVED                                              
   00-01-26  S                            EFFECTIVE DATE 00-01-26              
   00-01-26  S                        PENSION NOTE FILED AS PA 91-0685         
   00-01-26  S  PUBLIC ACT.............................. 91-0685               

   END OF INQUIRY 



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