91st General Assembly
Summary of SB1210
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Senate Sponsors:
MOLARO.

Short description: 
PEN CD-ALL PUB EMPLS-NEW PLAN                                              

Synopsis of Bill as introduced:
        Amends the Illinois Pension Code.  Provides for the creation of a      
   new defined-contribution retirement plan for all new  public  officers      
   and  employees.   Excludes  new public officers and employees from the      
   existing pension funds created under the Pension Code.  Pre-empts home      
   rule power.  Amends the State Mandates Act to  require  implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          Fiscal impact cannot be calculated. Impact would vary by Fund        
          and would depend on normal cost of future employees relative to      
          employer contributions.                                              
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


   END OF INQUIRY 



 Full Text  Bill Status