BURZYNSKI-MAHAR-LUECHTEFELD-MYERS-CRONIN, HAWKINSON, JACOBS,
BOMKE, WATSON, RADOGNO, NOLAND, LINK, WALSH,L,
SHADID, O'DANIEL AND SULLIVAN.
PEN CD-IMRF-HEALTH PLAN
Synopsis of Bill as introduced:
Amends the Illinois Municipal Retirement Fund (IMRF) Article of
the Illinois Pension Code to provide a program of group health
benefits for retired employees and their dependents and survivors.
Provides for the Fund to defray part of the cost of participation.
Requires active employees to contribute 1.0% of earnings toward the
cost of the program. Requires employers to contribute 1.25% of
payroll. Includes a transitional subsidy program to subsidize the
cost of participation of certain annuitants. Amends the State
Mandates Act to require implementation without reimbursement.
PENSION NOTE (Pension Laws Commission)
SB100 would increase the contribution rates of all IMRF employ-
ers by 1.25% of payroll, while the employee contributions would
increase by 1% of salary. Based on a 1999 payroll of almost $4
billion, employer contributions would increase by approximately
$50 million per year, while member contributions would increase
by almost $40 million per year.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status