PEN CD-IMRF-SLEP BENEFITS House SponsorsRep. Kurt M. Granberg-Richard T. Bradley-William B. Black-Steve Davis-Dan Brady, Lou Lang, Larry McKeon, Rich Brauer, Raymond Poe, Joseph M. Lyons, Jack D. Franks, Mike Bost, Jack McGuire, Daniel J. Burke, Ralph C. Capparelli, Linda Chapa LaVia, Patricia Bailey, Careen Gordon, Naomi D. Jakobsson, Kevin Joyce and John A. Fritchey Senate Sponsors(Sen. Denny Jacobs and Deanna Demuzio) 1/11/2005HouseSession Sine Die 40 ILCS 5/7-142.1from Ch. 108 1/2, par. 7-142.140 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 and employer contributions, plus interest. Increases the SLEP retirement formula to 2.5% of the final rate of earnings for each year of SLEP service. Increases the maximum pension payable to a SLEP from 75% to 80% of the final rate of earnings. 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 2.5% 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.Pension Note (Economic and Fiscal Commission) According to IMRF, the formula increase provided by House Bill 5189 would increase the average annual cost of SLEP employers by an estimated 2.56% of payroll, assuming an amortization period of 28 years. The cost would be reduced by an increase in employee contributions of 0.5% salary, resulting in an average annual employer cost of 2.06% of payroll for SLEP employers. The other provisions of House Bill 5189 would have a fiscal impact, but it has not been determined. The cost estimate is based on a modified retirement rate assumption, as the formula increase provided by House Bill 5168 reduces the number of years of service required to achieve the maximum annuity of 80% of final average salary. 2/5/2004HouseFiled with the Clerk by Rep. Kurt M. Granberg 2/5/2004HouseFirst Reading 2/5/2004HouseReferred to Rules Committee 3/30/2004HouseAdded Chief Co-Sponsor Rep. Steve Davis 3/30/2004HouseChief Co-Sponsor Changed to Rep. Steve Davis 3/31/2004HouseAssigned to Personnel and Pensions Committee 3/31/2004HouseAdded Chief Co-Sponsor Rep. William B. Black 3/31/2004HouseAdded Chief Co-Sponsor Rep. Richard T. Bradley 3/31/2004HouseChief Co-Sponsor Changed to Rep. Richard T. Bradley 3/31/2004HouseChief Co-Sponsor Changed to Rep. William B. Black 4/1/2004HouseChief Co-Sponsor Rep. Mike Boland 4/1/2004HouseAdded Co-Sponsor Rep. Lou Lang 4/1/2004HouseAdded Co-Sponsor Rep. Larry McKeon 4/1/2004HouseAdded Co-Sponsor Rep. Rich Brauer 4/1/2004HouseAdded Co-Sponsor Rep. Raymond Poe 4/1/2004HouseAdded Co-Sponsor Rep. Joseph M. Lyons 4/2/2004HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); April 30, 2004 4/20/2004HouseAdded Co-Sponsor Rep. Jack D. Franks 4/21/2004HouseAdded Co-Sponsor Rep. Mike Bost 4/21/2004HouseAdded Co-Sponsor Rep. Jack McGuire 4/21/2004HouseAdded Co-Sponsor Rep. Daniel J. Burke 4/21/2004HouseAdded Co-Sponsor Rep. Ralph C. Capparelli 4/21/2004HousePension Note Requested by Rep. Kevin A. McCarthy 4/22/2004HouseDo Pass / Short Debate Personnel and Pensions Committee; 006-000-000 4/22/2004HousePlaced on Calendar 2nd Reading - Short Debate 4/22/2004HouseChief Co-Sponsor Rep. Dan Brady 4/26/2004HousePension Note Filed 4/27/2004HouseSecond Reading - Short Debate 4/27/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/27/2004HouseAdded Co-Sponsor Rep. Linda Chapa LaVia 4/28/2004HouseAdded Co-Sponsor Rep. Patricia Bailey 4/28/2004HouseThird Reading - Short Debate - Passed 105-012-001 4/28/2004HouseAdded Co-Sponsor Rep. Careen Gordon 4/28/2004HouseAdded Co-Sponsor Rep. Naomi D. Jakobsson 4/29/2004SenateArrive in Senate 4/29/2004SenatePlaced on Calendar Order of First Reading April 29, 2004 4/29/2004SenateChief Senate Sponsor Sen. Denny Jacobs 4/29/2004SenateFirst Reading 4/29/2004SenateReferred to Rules 4/29/2004HouseAdded Co-Sponsor Rep. Kevin Joyce 5/4/2004HouseAdded Co-Sponsor Rep. John A. Fritchey 11/9/2004SenateAdded as Alternate Co-Sponsor Sen. Deanna Demuzio 1/11/2005HouseSession Sine Die