HB 1901

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-3&4-Opt Out Of System

Abstract

Amends the Downstate Police and Downstate Firefighters Articles of the Illinois Pension Code. Provides that if, after the official publication of the 2010 federal census of housing and population, an eligible municipality is for the first time required to establish a police or firefighter pension fund, then the corporate authorities of that municipality may, by resolution or ordinance adopted within 60 days after the effective date of the amendatory Act or 60 days after the official publication of the 2010 federal census of housing and population, whichever is later, elect not to establish that fund, provided that, before the adoption of that resolution or ordinance may take place, an independent auditor has certified that (i) a fund has not yet been created or (ii) a fund was created after the publication of the census data, but the fund does not have any outstanding liabilities or any members, participants, or beneficiaries entitled to benefits. Defines "eligible municipality". Effective immediately.

Bill Sponsors (1)

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Jan 08, 2013

House

Session Sine Die

Mar 17, 2011

House

Motion Do Pass - Lost Personnel and Pensions Committee; 003-006-000

House

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

Feb 22, 2011

House

Assigned to Personnel and Pensions Committee

Feb 16, 2011

House

Filed with the Clerk by Rep. Kay Hatcher

House

Referred to Rules Committee

House

First Reading

Bill Text

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Sources

Data on Open States is updated periodically throughout the day from the official website of the Illinois General Assembly.

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