Illinois General Assembly - Bill Status for HB7258

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Bill Status of HB7258 93rd General Assembly

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Short Description: PENCD-ARTS 3 & 7-TRANSFERS

House Sponsors
Rep. Chapin Rose

Last Action

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

Statutes Amended In Order of Appearance

40 ILCS 5/3-110

from Ch. 108 1/2, par. 3-110

40 ILCS 5/3-110.8 new

40 ILCS 5/7-139

from Ch. 108 1/2, par. 7-139

40 ILCS 5/7-139.10 new

Synopsis As Introduced
Amends the Downstate Police and IMRF Articles of the Illinois Pension Code. Authorizes a member of a downstate police fund who has up to 8 years of creditable service under IMRF to transfer his or her service credit under IMRF to that downstate police fund. Authorizes a member of IMRF who has up to 8 years of creditable service in a fund under the Downstate Police Article to transfer his or her service credit under that downstate police fund to IMRF. Provides that if the amount transferred under this amendatory Act is less than the true cost to the receiving pension fund of allowing that creditable service to be established, then the amount of creditable service the person may establish under this amendatory Act shall be reduced by a corresponding amount. Effective immediately.

Actions

Date	Chamber	Action
2/20/2004	House	Filed with the Clerk by Rep. Chapin Rose
2/20/2004	House	First Reading
2/20/2004	House	Referred to Rules Committee
1/11/2005	House	Session Sine Die

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