Illinois General Assembly - Bill Status for HB0508
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 Bill Status of HB0508  93rd General Assembly

Short Description:  PEN CD-TRANSFER-NEW FIRE FUND

House Sponsors
Rep. Timothy L. Schmitz

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/4-108from Ch. 108 1/2, par. 4-108
30 ILCS 805/8.27 new


Synopsis As Introduced
Amends the Illinois Pension Code. Specifies that, when a new downstate firefighter pension fund is created for firefighters previously under IMRF, the affected firefighters receive creditable service in the new pension fund for service credits transferred from IMRF to the new pension fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Pension Laws Commission)
 There would be no fiscal impact associated with HB 508, as it merely provides the statutory authority to transfer service credit from IMRF to an Article 4 pension fund, when the employer is required to establish an Article 4 fund.

Actions 
DateChamber Action
  1/30/2003HouseFiled with the Clerk by Rep. Timothy L. Schmitz
  1/30/2003HouseFirst Reading
  1/30/2003HouseReferred to Rules Committee
  2/4/2003HouseAssigned to Executive Committee
  2/20/2003HousePension Note Filed
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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