SB 498

  • Illinois Senate Bill
  • 93rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pen Cd-Imrf-Vesting-Board

Abstract

Amends the IMRF Article of the Illinois Pension Code. Changes the vesting requirement for a retirement annuity from 8 years to 5. Makes a corresponding change in one part of the retirement formula. Changes the service requirement for being a member of the Board of Trustees from 8 years to 5. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (1)

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Jan 11, 2005

Senate

Session Sine Die

Jul 01, 2003

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Rules

Apr 04, 2003

Senate

Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.

Mar 25, 2003

Senate

Fiscal Note Filed

Mar 18, 2003

Senate

Fiscal Note Requested by Sen. Bill Brady

Mar 13, 2003

Senate

Do Pass Insurance & Pensions; 010-000-000

Senate

Placed on Calendar Order of 2nd Reading March 18, 2003

Mar 12, 2003

Senate

Added as Chief Co-Sponsor Sen. Denny Jacobs

Mar 11, 2003

Senate

Pension Note Filed As Introduced

Mar 05, 2003

Senate

To Subcommittee

Feb 26, 2003

Senate

Assigned to Insurance & Pensions

Feb 18, 2003

Senate

Filed with Secretary by Sen. Debbie DeFrancesco Halvorson

Senate

Referred to Rules

Senate

First Reading

Bill Text

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