Illinois General Assembly - Bill Status for HB5644
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 Bill Status of HB5644  9th General Assembly

Short Description:  PEN CD-ART 3&4 AMORTIZATION

House Sponsors
Rep. David R. Leitch

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/3-125from Ch. 108 1/2, par. 3-125
40 ILCS 5/4-118from Ch. 108 1/2, par. 4-118

Synopsis As Introduced
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Authorizes the corporate authorities of a participating municipality to elect, by a duly authorized resolution or ordinance, to calculate actuarial liabilities using a 30-year rolling amortization period.

DateChamber Action
  2/15/2012HouseFiled with the Clerk by Rep. David R. Leitch
  2/15/2012HouseFirst Reading
  2/15/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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