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<xml>
<title>Illinois General Assembly - Bill Status for HB 2637   </title>
<shortdesc>PENCD-ART 4-SPECIAL FORMULA</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Sidney H. Mathias</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/4-108.4 new</reference><aliasreference></aliasreference><reference>40 ILCS 5/4-109.3 new</reference><aliasreference></aliasreference><reference>40 ILCS 5/4-118.1</reference><aliasreference>from Ch. 108 1/2, par. 4-118.1</aliasreference><reference>40 ILCS 5/7-139.10 new</reference><aliasreference></aliasreference><reference>30 ILCS 805/8.27 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Downstate Firefighter Article and the IMRF Article of the Illinois Pension Code. Provides a special retirement formula for certain firefighters who receive a retirement annuity from more than one Article 4 pension fund. Requires additional contributions. Authorizes certain firefighters who participate in IMRF to become members of a downstate firefighter pension fund and to transfer their creditable service from IMRF to that downstate firefighter pension fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>The fiscal impact of HB 2637 cannot be determined, but is expected to be minor, as an exempt firefighter is required to contribute an additional 1% of salary to each Article 4 fund in which they qualify for an annuity.</SynopsisText></synopsis>
<actions>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Sidney H. Mathias</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/21/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/26/2003</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/11/2003</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>

