Illinois General Assembly - Bill Status for SB0065
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 Bill Status of SB0065  103rd General Assembly

Short Description:  PEN CD-DNST POLICE & FIRE-IMRF

Senate Sponsors
Sen. Laura Fine

Last Action
DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/3-103from Ch. 108 1/2, par. 3-103
40 ILCS 5/3-146 new
40 ILCS 5/4-103from Ch. 108 1/2, par. 4-103
40 ILCS 5/4-141.5 new
40 ILCS 5/7-109from Ch. 108 1/2, par. 7-109
40 ILCS 5/7-132from Ch. 108 1/2, par. 7-132

Synopsis As Introduced
Amends the Downstate Police, Downstate Firefighter, and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that a municipality with a population that has fallen below 5,000 inhabitants as determined by both of the preceding 2 federal decennial censuses, or that has a population of less than 5,000 inhabitants that approved a referendum creating a pension fund, may terminate its participation in a pension fund created under the Downstate Police or Downstate Firefighter Article with regard to persons who first become police officers or firefighters after a specified proposition is adopted and enroll in IMRF police officers or firefighters hired after the adoption of that proposition. Provides the required notice and form of the proposition. Provides that a municipality may elect to terminate its participation under the Article and dissolve the fund if certain conditions are met. Makes conforming and other changes. Effective immediately.

DateChamber Action
  1/20/2023SenateFiled with Secretary by Sen. Laura Fine
  1/20/2023SenateFirst Reading
  1/20/2023SenateReferred to Assignments
  1/31/2023SenateAssigned to Senate Special Committee on Pensions
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

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