Michael J. Zalewski
- Democratic
Primary
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that the Board shall determine the amortization period to be used in calculating the amount to be contributed by participating municipalities and participating instrumentalities in order to adjust for changes in the Fund's unfunded accrued liabilities. Specifies that the amortization period shall not exceed 30 years for participating municipalities or 10 years for participating instrumentalities. Allows participating employees to withdraw additional contributions only to the extent permitted by the federal Internal Revenue Code of 1986. Requires the Board to meet at least quarterly (rather than monthly). Also makes technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Public Act . . . . . . . . . 98-0218
Effective Date August 9, 2013
Governor Approved
Sent to the Governor
Third Reading - Passed; 053-000-000
Passed Both Houses
Placed on Calendar Order of 3rd Reading May 8, 2013
Second Reading
Do Pass Licensed Activities and Pensions; 009-000-000
Placed on Calendar Order of 2nd Reading May 2, 2013
Assigned to Licensed Activities and Pensions
First Reading
Referred to Assignments
Chief Senate Sponsor Sen. Iris Y. Martinez
Arrive in Senate
Third Reading - Short Debate - Passed 115-000-000
Placed on Calendar Order of First Reading March 12, 2013
Added Co-Sponsor Rep. Elizabeth Hernandez
Added Co-Sponsor Rep. Robert Rita
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Added Co-Sponsor Rep. Derrick Smith
Added Co-Sponsor Rep. Elaine Nekritz
Added Co-Sponsor Rep. William Davis
Placed on Calendar 2nd Reading - Short Debate
Added Co-Sponsor Rep. Raymond Poe
Do Pass / Short Debate Personnel and Pensions Committee; 009-000-000
Added Co-Sponsor Rep. Daniel J. Burke
Assigned to Personnel and Pensions Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Michael J. Zalewski
| Bill Text Versions | Format |
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| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
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| Public Act |
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