92nd General Assembly
Summary of HB5633
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House Sponsors:

Short description: 
PEN CD-DNST FIRE-FIRE PRO DIST                                             

Synopsis of Bill as introduced:
        Amends the Downstate Firefighter Article of the Illinois  Pension      
   Code.    When  a  municipal  fire  department  is discontinued and the      
   affected territory is annexed by a fire protection district,  provides      
   for  transfer  of  the  assets  and  liabilities of the municipality's      
   firefighters' pension fund to the pension fund of the fire  protection      
   district.    Amends  the  State Mandates Act to require implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Illinois Pension Laws Commission)                      
          The fiscal impact of HB 5633 cannot be determined, but is es-        
          timated to be minor, as the number of funds that would be            
          affected by the draft is probably very small. There may be a         
          fiscal impact to the pension funds of the fire protection dis-       
          tricts, as the liabilities transferred to those funds would          
          probably be greater than the transferred assets.                     
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


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