Illinois General Assembly - Bill Status for SB0122
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 Bill Status of SB0122  102nd General Assembly


Short Description:  PEN CD-CHI POLICE-REFUNDS

Senate Sponsors
Sen. Emil Jones, III

Last Action
DateChamber Action
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/5-163from Ch. 108 1/2, par. 5-163
30 ILCS 805/8.45 new


Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code. Removes an age limitation on eligibility for a refund of contributions. Deletes language providing that a policeman may receive a refund until the annuity to which he is entitled has been fixed. Provides that any refund under the Article shall be calculated based on the policeman's contributions to the fund, less the amount of any annuity benefit previously received by the policeman and his beneficiaries. Provides that a policeman shall have no such right of refund if the sum of the annuity benefits the policeman and his beneficiaries have received exceeds the sum to which the policeman has contributed to the fund. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/3/2021SenateFiled with Secretary by Sen. Emil Jones, III
  2/3/2021SenateFirst Reading
  2/3/2021SenateReferred to Assignments
  2/17/2021SenateAssigned to Pensions
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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