PENCD-SERS-ALTERNATIVE FORMULA Senate SponsorsSen. Robert F. Martwick and Karina Villa-Brian W. Stewart 1/10/2023SenateSession Sine Die 40 ILCS 5/14-110from Ch. 108 1/2, par. 14-11040 ILCS 5/14-152.1Amends the State Employee Article of the Illinois Pension Code. Provides that a State policeman may elect to convert service credit earned under the Article to eligible creditable service under the alternative retirement annuity formula by filing a written election with the Board and making a specified contribution. Provides that the conversion of service credit to eligible creditable service is not subject to provisions that limit the amount of eligible creditable service that may be established to 12 years. Provides that a State policeman may elect to establish eligible creditable service under the alternative retirement annuity formula for up to 5 years of service as a person employed by a participating municipality to perform police duties under the Illinois Municipal Retirement Fund (IMRF) Article, a county corrections officer, or a court services officer under the Cook County Article by filing a written application with the Board and making a specified contribution. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately. 2/26/2021SenateFiled with Secretary by Sen. Robert F. Martwick 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 3/9/2021SenateAssigned to Pensions 3/17/2021SenateDo Pass Pensions; 009-000-000 3/17/2021SenatePlaced on Calendar Order of 2nd Reading March 23, 2021 3/19/2021SenateAdded as Co-Sponsor Sen. Karina Villa 3/24/2021SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick 3/24/2021SenateSenate Floor Amendment No. 1 Referred to Assignments 3/24/2021SenateSecond Reading 3/24/2021SenatePlaced on Calendar Order of 3rd Reading March 25, 2021 3/25/2021SenateSenate Floor Amendment No. 1 Assignments Refers to Pensions 4/14/2021SenateSenate Floor Amendment No. 1 Postponed - Pensions 4/21/2021SenateAdded as Chief Co-Sponsor Sen. Brian W. Stewart 4/23/2021SenateRule 3-9(a) / Re-referred to Assignments 7/16/2021SenateSenate Floor Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments 1/10/2023SenateSession Sine Die