PEN CD-IMRF-INTEREST ON BENEFT Senate SponsorsSen. James F. Clayborne, Jr. House Sponsors(Rep. Roger L. Eddy) 1/13/2009SenateSession Sine Die 40 ILCS 5/7-168from Ch. 108 1/2, par. 7-16830 ILCS 805/8.32 newAmends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. Provides that the amount of the separation benefits shall include interest at 50% of the prescribed rate of interest per annum from the date of enrollment to the date of termination of participation. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/7/2008SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/7/2008SenateFirst Reading 2/7/2008SenateReferred to Rules 2/14/2008SenateAssigned to Pensions and Investments 2/21/2008SenateDo Pass Pensions and Investments; 006-004-000 2/21/2008SenatePlaced on Calendar Order of 2nd Reading February 26, 2008 3/6/2008SenateSecond Reading 3/6/2008SenatePlaced on Calendar Order of 3rd Reading March 11, 2008 4/16/2008SenateThird Reading - Passed; 039-017-002 4/17/2008HouseArrived in House 4/17/2008HousePlaced on Calendar Order of First Reading 4/17/2008HouseChief House Sponsor Rep. Roger L. Eddy 4/17/2008HouseFirst Reading 4/17/2008HouseReferred to Rules Committee 1/13/2009SenateSession Sine Die