92nd General Assembly
Status of HB4256
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   40 ILCS 5/6-141.1         from Ch. 108 1/2, par. 6-141.1                    
   40 ILCS 5/6-150           from Ch. 108 1/2, par. 6-150                      
   40 ILCS 5/6-210.2 new                                                       
   40 ILCS 5/6-213           from Ch. 108 1/2, par. 6-213                      
   30 ILCS 805/8.26 new                                                        

        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 (Illinois Pension Laws Commission)                      
          The fiscal impact of HB 4256 has not been determined. According      
          to the Fund's actuary, the fiscal impact is estimated to be          
   JAN-30-2002  H  FILED WITH CLERK                                               
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 CAPPARELLI            
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 MENDOZA               
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 ACEVEDO               
   JAN-30-2002  H  FIRST READING                                                  
   JAN-30-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2002  H                        PENSION NOTE FILED                       
   FEB-15-2002  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary