91st General Assembly
Summary of HB2165
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House Sponsors:
NOVAK.

Short description: 
PEN CD-PICKUP OPTIONAL CONTRIB                                             

Synopsis of Bill as introduced:
        Amends the  General  Provisions  Article  of  the  Pension  Code.      
   Provides   a  mechanism  for  employer  pickup  of  optional  employee      
   contributions to a retirement system other than the one in  which  the      
   employee  is  actively  participating.   Applies  only  to  retirement      
   systems that (i) are authorized by statute to allow pickup of optional      
   employee  contributions  within  the  system  and  (ii)  adopt  a rule      
   providing for participation.  Requires a compliance  ruling  from  the      
   U.S. Internal Revenue Service.  Effective immediately.                      
          PENSION NOTE (Pension Laws Commission)                               
          HB2165 would not increase accrued liabilities of any public          
          retirement system or pension fund in the State.                      
 
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