Illinois General Assembly - Bill Status for SB2740

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Bill Status of SB2740 93rd General Assembly

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Short Description: PENCD-IMRF-CANCEL PENSION

Senate Sponsors
Sen. Kirk W. Dillard

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/7-225 new

30 ILCS 805/8.28 new

Synopsis As Introduced
Amends the IMRF Article of the Illinois Pension Code. Provides that a person who is an active participant in the Judges Retirement System and who has begun receiving a retirement annuity under the IMRF Article may cancel his or her retirement annuity by (1) filing a written election with IMRF and (2) paying to the fund an amount equal to the amount of retirement benefits he or she has received under IMRF, plus interest. Upon cancellation of a retirement annuity, IMRF shall restore the service credits that the person had on the books with IMRF at the time he or she last left service. Provides that restored credits may be used for any of the purposes of the Retirement Systems Reciprocal Act. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/5/2004	Senate	Filed with Secretary by Sen. Kirk W. Dillard
2/5/2004	Senate	First Reading
2/5/2004	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die

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