90th General Assembly
Summary of HB0593
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House Sponsors:

Senate Sponsors:

Short description: 
PEN CD-DNST POLICE-PORTABILITY                                             

Synopsis of Bill as introduced:
        Amends the Illinois Pension  Code  to  allow  active  members  to      
   transfer  credits  between  downstate  police pension funds.  Requires      
   payment of any resulting additional cost to the fund.  Allows a person      
   with less than 8 years of creditable service to receive  a  retirement      
   pension from a police pension fund, if the person has at least 8 years      
   of credit in another police pension fund and is receiving a retirement      
   pension. Allows reinstatement of service terminated by refund.  Allows      
   chiefs  who  have  elected  to  participate  in  IMRF  to rescind that      
   election until January 1, 1999 and to transfer certain credits back to      
   the police pension fund.  Amends the State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE                                                         
          Fiscal impact is not expected to be substantial.                     
        HOUSE AMENDMENT NO. 1.                                                 
        Changes the provisions relating to the calculation and payment of      
   the additional contribution that may  be  required  upon  transfer  of      
   creditable service.  Prohibits the transfer of creditable service from      
   the  pension  fund  established  by  the  municipality  that  was  the      
   officer's first police employer unless (i) the police officer actively      
   served  in  the  police department of that municipality for at least 4      
   years or (ii) the police officer is not in service with that  employer      
   on or after the effective date of this amendatory Act.                      
          PENSION NOTE, H-AM 1                                                 
          H-am 1 is not expected to increase the fiscal impact of HB593.       
          PENSION NOTE, ENGROSSED                                              
          Fiscal impact is not expected to be substantial.                     
        SENATE AMENDMENT NO. 1                                                 
        Restricts transfer from pension funds in which the applicant has       
   less than 2 years of active service credit, unless the applicant was        
   laid off or completed all service before the effective date.                
        SENATE AMENDMENT NO. 2.                                                
          Adds reference to:                                                   
          40 ILCS 5/9-179.3               from Ch. 108 1/2, par. 9-179.3       
        Amends the Cook County Article of the Pension Code to extend  the      
   expiration  of  the  program  of  optional contributions until July 1,      
Last action on Bill: PUBLIC ACT.............................. 90-0460

   Last action date: 97-08-17

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   2


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