HB 4837

  • Illinois House Bill
  • 94th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Dnst Pol-Drop Plan

Abstract

Amends the Downstate Police Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a police officer who is at least age 50 with 20 years of service may continue in active service for up to 5 years while having his or her retirement pension paid into a special account, to be distributed to the police officer upon retirement. Bases the retirement pension on the police officer's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (1)

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Jan 09, 2007

House

Session Sine Die

Feb 17, 2006

House

Rule 19(a) / Re-referred to Rules Committee

Feb 07, 2006

House

Assigned to Executive Committee

Jan 26, 2006

House

Added Co-Sponsor Rep. Lisa M. Dugan

Jan 25, 2006

House

Added Co-Sponsor Rep. Aaron Schock

House

Added Co-Sponsor Rep. Terry R. Parke

House

Added Co-Sponsor Rep. Rich Brauer

House

Added Chief Co-Sponsor Rep. Richard T. Bradley

House

Added Chief Co-Sponsor Rep. Marlow H. Colvin

House

Added Chief Co-Sponsor Rep. Daniel J. Burke

Jan 19, 2006

House

Filed with the Clerk by Rep. Raymond Poe

House

Referred to Rules Committee

House

First Reading

Bill Text

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