PEN CD-DNST POL-DROP PLAN Senate SponsorsSen. Kirk W. Dillard 2/25/2010SenateTabled By Sponsor Sen. Kirk W. Dillard 40 ILCS 5/3-105.3 new40 ILCS 5/3-111from Ch. 108 1/2, par. 3-11140 ILCS 5/3-111.1from Ch. 108 1/2, par. 3-111.140 ILCS 5/3-111.2 new30 ILCS 805/8.33 newAmends the Downstate Police Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a police officer who is at least age 50 with 20 years of service may continue in active service for up to 5 years while having his or her retirement pension paid into a special account, to be distributed to the police officer upon retirement. Bases the retirement pension on the police officer's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Effective immediately. 2/27/2009SenateFiled with Secretary by Sen. Kirk W. Dillard 2/27/2009SenateFirst Reading 2/27/2009SenateReferred to Assignments 2/10/2010SenateAssigned to Pensions and Investments 2/25/2010SenateTabled By Sponsor Sen. Kirk W. Dillard