House Sponsors: PERSICO. Short description: PEN CD-IMRF-DEFINED CONTRIB Synopsis of Bill as introduced: Amends the Illinois Municipal (IMRF) Article of the Pension Code. Authorizes the Board to design and implement a defined contribution retirement plan as an alternative to the benefits currently provided by the Fund. Effective immediately. PENSION NOTE (Pension Laws Commission) Fiscal impact cannot be determined; HB794 does not outline funding, investments, and other elements, of the DC plan. 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