House Sponsors: O'BRIEN. Short description: PEN CD-IMRF SLEP-BENEFIT INCR Synopsis of Bill as introduced: Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Makes full-time municipal police officers who participate in the Fund eligible for the sheriff's law enforcement employee (SLEP) formula. Bases new annuities calculated under the SLEP formula on the employee's rate of earnings on the last day of employment as a SLEP. Creates a second program of optional additional contributions and benefits, this one applicable only to SLEP service. Specifies that a SLEP may establish retroactive SLEP credit for all types of service that have been added to the SLEP definition as of the date of application. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Fiscal impact has not been determined; required employer con- tributions for current SLEP county employers and for small municipalities with participating police would increase. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status