91st General Assembly
Summary of HB1263
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House Sponsors:
HOEFT.

Short description: 
PEN CD-DNST POL-PORTABILITY                                                

Synopsis of Bill as introduced:
        Amends the Downstate Police Article of the Illinois Pension Code       
   in relation to the transfer of credits between pension funds. Deletes       
   the additional (true cost) contribution.  Removes the  2-year  service      
   requirement.    Changes  the  manner  of  calculating  the  amount  of      
   contributions and interest to be transferred to the new pension  fund.      
   Amends  the  State  Mandates  Act  to  require  implementation without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          Fiscal impact cannot be determined, but could be significant.        
 
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 



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