SB 1423

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pencd-Sers-Alternative Formula

Abstract

Amends the State Employee Article of the Illinois Pension Code. Provides that a State policeman may elect to convert service credit earned under the Article to eligible creditable service under the alternative retirement annuity formula by filing a written election with the Board and making a specified contribution. Provides that the conversion of service credit to eligible creditable service is not subject to provisions that limit the amount of eligible creditable service that may be established to 12 years. Provides that a State policeman may elect to establish eligible creditable service under the alternative retirement annuity formula for up to 5 years of service as a person employed by a participating municipality to perform police duties under the Illinois Municipal Retirement Fund (IMRF) Article, a county corrections officer, or a court services officer under the Cook County Article by filing a written application with the Board and making a specified contribution. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.

Bill Sponsors (2)

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Feb 26, 2020

Senate

Chief Sponsor Changed to Sen. Robert F. Martwick

Jan 20, 2020

Senate

Chief Sponsor Changed to Sen. Don Harmon

Jun 21, 2019

Senate

Chief Sponsor Changed to Sen. John J. Cullerton

Mar 28, 2019

Senate

Rule 3-9(a) / Re-referred to Assignments

Senate

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments

Mar 22, 2019

Senate

Rule 2-10 Committee Deadline Established As March 28, 2019

Mar 13, 2019

Senate

Senate Committee Amendment No. 1 To

Senate

To

Mar 12, 2019

Senate

Senate Committee Amendment No. 1 Assignments Refers to Government Accountability and Ethics

Senate

Added as Chief Co-Sponsor Sen. Iris Y. Martinez

Mar 08, 2019

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. John G. Mulroe

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Mar 06, 2019

Senate

Postponed - Government Accountability and Ethics

Feb 20, 2019

Senate

Assigned to Government Accountability and Ethics

Feb 13, 2019

Senate

Filed with Secretary by Sen. John G. Mulroe

Senate

Referred to Assignments

Senate

First Reading

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
Senate Amendment 001

Sources

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