PEN CD-DNST FIRE-LUMP SUM OPTN House SponsorsRep. Michael K. Smith 1/11/2005HouseSession Sine Die 40 ILCS 5/4-109.3 new30 ILCS 805/8.27 new Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides an alternative payment option, under which a qualifying member may convert up to 3 years of service credit into a lump sum payment at the time of retirement. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Pension Laws Commission) According to the Commission's actuary, the fiscal impact of HB 1123 is estimated to be minor. The reduction in liability due to the forfeiture of the year or years of service credit is approximately equal to the amount of the lump sum payment provided by that forfeiture. 2/4/2003HouseFiled with the Clerk by Rep. Michael K. Smith 2/4/2003HouseFirst Reading 2/4/2003HouseReferred to Rules Committee 2/5/2003HouseAssigned to Executive Committee 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 3/24/2003HousePension Note Filed 1/11/2005HouseSession Sine Die