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Synopsis As Introduced Amends the Retirement Systems Reciprocal Act of the Illinois Pension Code. In the definition of "pension credit", provides that the one-year limitation does not apply to credits and equities in the Illinois Municipal Retirement Fund for contributions, earnings, or service as a teacher aide for transfer of those credits and equities to the Teachers' Retirement System of the State of Illinois. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
House Floor Amendment No. 1 Deletes everything after the enacting clause. Amends the Retirement Systems Reciprocal Act of the Illinois Pension Code. In the definition of "pension credit", provides that the one-year limitation does not apply to persons who move from participation with a school district as a teacher aide under the Illinois Municipal Retirement Fund Article to participation under the Downstate Teacher Article of the Code. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
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