91st General Assembly
Summary of SB0662
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
Senate Sponsors:
MADIGAN,R, JACOBS, PETERSON AND MOLARO.

Short description: 
PEN CD-IMRF-BENEFIT INCREASES                                              

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the Illinois Pension Code. Removes the pre-existing condition limita-       
   tion on temproary disability benefits for persons whose date of disa-       
   bility is after December 31, 2000. Deletes provisions limiting the          
   retroactive payment of retirement benefits. Accelerates the automatic       
   increase in surviving spouse's annuity for survivors of annuitants who      
   die in December. Provides for participation by persons who return to        
   service in a position requiring between 600 and 1000 hours per year         
   after retiring from such a position with an employer that allowed           
   participation  for  those employees.  Authorizes employers to increase      
   disability benefits  from  50%  to  60%  of  earnings,  with  the  the      
   resulting  costs  to be paid by the employer and employees.  Increases      
   the death benefit from $3,000 to $5,000.  Allows a surviving spouse to      
   remarry before age 55 without loss of survivor's benefits.  Amends the      
   State Mandates Act to require  implementation  without  reimbursement.      
   Effective January 1, 2001.                                                  
          PENSION NOTE (Pension Laws Commission)                               
          Increasing the lump sum death benefit would have an estimated        
          annual cost of $3.6 million; other fiscal impact cannot be           
          determined.                                                          
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status