91st General Assembly
Summary of HB3109
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House Sponsors:

Short description: 
PEN CD-CHGO FIRE-DEATH BENFT                                               

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter Article of  the  Illinois  Pension      
   Code.   Allows  rollover  contributions  from  other  retirement plans      
   qualified under the Internal Revenue  Code  of  1986  to  be  used  to      
   purchase  optional  credit or repay a refund.  Authorizes the Board to      
   adopt rules to prescribe the manner of repaying refunds and purchasing      
   optional credits.  Provides a death benefit and  widow's  annuity  for      
   beneficiaries  of a firefighter who dies before beginning to receive a      
   retirement annuity, but after separation from service with at least 20      
   years of service credit, if the separation occurs on or after  January      
   1,  1990  and  before  attainment  of age 50.  Allows a firefighter to      
   pledge a refund as security for certain credit union  loans.    Amends      
   the   State   Mandates   Act   to   require   implementation   without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact has not been determined, but is estimated to       
          be minor.                                                            
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

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


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