PEN CD-IMRF-SLEP BENEFITS House SponsorsRep. Kurt M. Granberg 1/11/2005HouseSession Sine Die 40 ILCS 5/7-116from Ch. 108 1/2, par. 7-11640 ILCS 5/7-142from Ch. 108 1/2, par. 7-14240 ILCS 5/7-142.1from Ch. 108 1/2, par. 7-142.140 ILCS 5/7-144.3from Ch. 108 1/2, par. 7-144.340 ILCS 5/7-152from Ch. 108 1/2, par. 7-15240 ILCS 5/7-156from Ch. 108 1/2, par. 7-15640 ILCS 5/7-169from Ch. 108 1/2, par. 7-16940 ILCS 5/7-173.1from Ch. 108 1/2, par. 7-173.130 ILCS 805/8.28 new Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Allows a sheriff's law enforcement employee (SLEP) to convert up to 10 years of non-SLEP service credit into SLEP credit by paying the difference in employee contributions, plus interest. Increases the SLEP retirement formula to 2.5% of the final rate of earnings for each year of SLEP service. Allows a person with at least 20 years of SLEP credit to have the pension based on his or her salary rate on the last day of SLEP service. Compounds the 3% annual increase in retirement annuities for SLEPs who retire on or after July 1, 2004; specifies that those retirees do not receive a supplemental benefit payment (13th check). Increases the basic disability benefit for a sheriff's law enforcement employee whose disability is the result of sickness, accident, or injury incurred in or resulting from the performance of an act of duty, from 50% to 65% of the final rate of earnings. Increases the SLEP surviving spouse benefit to 66% of the deceased SLEP's retirement annuity. Removes the 2-year service requirement for earning new benefits after a return to service as a SLEP. Increases the additional employee contribution paid by SLEPs to 3.1% of salary. Also eliminates the reduction in benefit imposed on a surviving spouse who is more than 5 years younger than the deceased member, for the surviving spouse of any member who dies on or after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/2/2004HouseFiled with the Clerk by Rep. Kurt M. Granberg 2/2/2004HouseFirst Reading 2/2/2004HouseReferred to Rules Committee 1/11/2005HouseSession Sine Die