SULLIVAN, RADOGNO, MYERS,J, PARKER, LINK, RONEN,C AND BOMKE.
PEN CD-IMRF-HEALTH PLAN
Synopsis of Bill as introduced:
Amends the Illinois Municipal Retirement Fund (IMRF) Article of
the Pension Code to provide a program of group health benefits for
retired employees and their dependents and survivors. Provides for
the Fund to defray part of the cost of participation. Requires active
employees to contribute 1.0% of earnings toward the cost of the
program. Requires employers to contribute 1.25% of payroll. Includes
a transitional subsidy program to subsidize the cost of participation
of certain annuitants. Amends the State Mandates Act to require
implementation without reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The impact of SB 100 has not been calculated. The bill would
increase the contribution rates of all IMRF employers by
1.25% of payroll, while the employee contributions would in-
crease by 1% of salary.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status