90th General Assembly
Summary of SB1300
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
Senate Sponsors:
MADIGAN,R-MOLARO.

Short description: 
PEN CD-DOMESTIC RELATION ORDER                                             

Synopsis of Bill as introduced:
        Amends the General Provisions Article  of  the  Illinois  Pension      
   Code.   Provides  that if an annuitant fails to comply with provisions      
   of a domestic relations order requiring the annuitant to pay a portion      
   of his or her retirement annuity to another party, the court may issue      
   an order directing the retirement system to deduct a  specific  dollar      
   amount  from  each  retirement annuity payment and to issue a separate      
   payment of the amount deducted to that other party.  Provides that tax      
   liability relating to the money paid to the  alternate  payee  is  the      
   responsibility  of the alternate payee.  Also provides that as part of      
   a domestic relations order directing a person to pay a  portion  of  a      
   retirement   annuity  to  another  party,  the  court  may  order  the      
   retirement  system  to  delay  payment  of  a  refund  of   retirement      
   contributions arising from termination of service until payment of the      
   refund has been approved by the court.  Effective January 1, 1999.          
          PENSION IMPACT NOTE                                                  
          SB1300 may slightly increase the administrative costs of some        
          funds or systems, but would not affect the accrued liabilities.      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status