Illinois General Assembly - Bill Status for SB0459
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 Bill Status of SB0459  102nd General Assembly


Short Description:  PENCD-INDEMNIFICATION & REPORT

Senate Sponsors
Sen. Robert F. Martwick

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

Statutes Amended In Order of Appearance
40 ILCS 5/14-148.5 new
40 ILCS 5/21-120 rep.


Synopsis As Introduced
Amends the Illinois Pension Code. In the State Employee Article, provides that the System may indemnify a bank, savings and loan association, or other financial institution insured by an agency of the federal government as necessary to recover for the System any benefit overpayment that the System has made to the financial institution on behalf of a member. In the Social Security Enabling Act Article, repeals a provision requiring the submission of a report to the General Assembly covering the administration and operation of the Article during the preceding biennium. Effective immediately.

Actions 
DateChamber Action
  2/23/2021SenateFiled with Secretary by Sen. Robert F. Martwick
  2/23/2021SenateFirst Reading
  2/23/2021SenateReferred to Assignments
  3/3/2021SenateAssigned to Pensions
  3/10/2021SenatePostponed - Pensions
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments

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