Illinois General Assembly - Bill Status for HB1123
Illinois General Assembly
  Home     Legislation & Laws     Senate     House     My Legislation     Site Map    

Previous General Assemblies

 Bill Status of HB1123  93rd General Assembly

Short Description:  PEN CD-DNST FIRE-LUMP SUM OPTN

House Sponsors
Rep. Michael K. Smith

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/4-109.3 new
30 ILCS 805/8.27 new


Synopsis As Introduced
Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides an alternative payment option, under which a qualifying member may convert up to 3 years of service credit into a lump sum payment at the time of retirement. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Pension Laws Commission)
 According to the Commission's actuary, the fiscal impact of HB 1123 is estimated to be minor. The reduction in liability due to the forfeiture of the year or years of service credit is approximately equal to the amount of the lump sum payment provided by that forfeiture.

Actions 
DateChamber Action
  2/4/2003HouseFiled with the Clerk by Rep. Michael K. Smith
  2/4/2003HouseFirst Reading
  2/4/2003HouseReferred to Rules Committee
  2/5/2003HouseAssigned to Executive Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  3/24/2003HousePension Note Filed
  1/11/2005HouseSession Sine Die

Back To Top

Home | Legislation & Laws | House | Senate | My Legislation | Disclaimers | Email

  Legislative Information System logo This site is maintained for the Illinois General Assembly by the
Legislative Information System, 705 Stratton Building, Springfield, Illinois 62706
Contact ILGA Webmaster