90th General Assembly
Summary of SB1906
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

Short description: 
PEN CD-IMRF-OMNIBUS                                                        

Synopsis of Bill as introduced:
        Amends the Illinois Municipal  Retirement  Fund  Article  of  the      
   Pension Code.  Provides for the payment of an annuity to the surviving      
   spouse  of  a  former  employee  who,  on the date of death, meets the      
   service requirements but not the  age  requirements  for  receiving  a      
   retirement  annuity.   Allows a retiring employee who is entitled to a      
   refund of surviving spouse contributions or excess SLEP (sheriff's law      
   enforcement employee) contributions to elect  to  receive  a  separate      
   annuity instead of a refund.  Provides that periods of qualified leave      
   granted  in  compliance  with the federal Family and Medical Leave Act      
   shall  be  ignored  for  purposes  of  determining   eligibility   for      
   disability  benefits.   Allows an employee to make payment of optional      
   contributions through tax-deferred payroll deductions.  Adds a  second      
   annuitant  member  to  the Board and gives both annuitant trustees the      
   right to vote on Board business.  Makes other  changes.    Amends  the      
   State  Mandates  Act  to require implementation without reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          The only cost item in SB 1906 is granting a surviving spouse         
          annuity to the surviving spouses of inactive members who meet        
          service requirements, an estimated increase in average annual        
          cost of IMRF employers by 0.05% of payroll for regular mem-          
          bers and 0.12% of payroll for SLEP employees.                        
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


 Full Text  Bill Status