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<xml>
<title>Illinois General Assembly - Bill Status for HB 1470   </title>
<shortdesc>PEN CD-QILDRO-CALCULATION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Julie Hamos</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-119</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Pension Code. Provides that a QILDRO may specify a percentage of the member's benefit or apply a formula to determine the amount of the member's benefit to be paid to an alternate payee. Provides that, if so specified, a QILDRO shall take effect at a date other than at the time the benefit becomes payable. Provides that an alternate payee may not consent to a form of payment that has the effect of diminishing the amount of the payment to which he or she is entitled unless the written consent is notarized. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>HB 1470 would not increase the accrued liabilities or annual cost of any public pension fund or retirement system in Illinois.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Julie Hamos</action>
<statusdate>2/6/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/6/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/11/2003</statusdate><chamber>House</chamber><action>Assigned to Personnel and Pensions Committee</action>
<statusdate>2/20/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

