91st General Assembly
Summary of HB4115
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House Sponsors:
BOST-FOWLER.

Short description: 
PEN CD-STATE POLICE TRANSFERS                                              

Synopsis of Bill as introduced:
        Amends the Illinois Pension Code.  Authorizes a  State  Policeman      
   to  transfer  to the State Employees' Retirement System up to 12 years      
   of creditable service accumulated under IMRF for service as a civilian      
   employee of a municipal police department or under SURS for service as      
   a university police officer.    Requires  payment  of  the  difference      
   between  the  amounts  transferred  to the System and the amounts that      
   would have been contributed, plus interest.  Effective immediately.         
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 4115 cannot be determined because the        
          amount of service credit that would be transferred is unknown.       
          It is estimated to be minor, as the transferred and required         
          employee contributions are intended to offset most of the            
          increase in accrued liability.                                       
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status