Synopsis As Introduced Amends the IMRF Article of the Illinois Pension Code. Makes county probation officers eligible for the sheriff's law enforcement employee (SLEP) formula. Allows these probation officers to convert non-SLEP service as a probation officer into SLEP credit by paying the difference in employee contributions plus interest; requires an affirmative resolution by the employer. Includes provisions allowing the employee to have the contribution deducted from the retirement annuity in certain circumstances. Allows the employer to amortize over 5 years the liability resulting from conversions occurring in the first year. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Pension Note (Pension Laws Commission)
The fiscal impact of HB 1428 cannot be determined, as the number of county probation officers is unknown. Including additional employees under the SLEP formula would increase IMRF costs for their employers.