HB 3762

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pencd-Local Control

Abstract

Amends the Illinois Pension Code. In the Downstate Firefighter and Downstate Police Articles, provides that a municipality may, by ordinance, assume local control of the municipality's police or firefighter's pension fund, with the power to change the terms of the plan. In the Illinois Municipal Retirement Fund (IMRF) Article, provides that a municipality may end its participation in IMRF and create its own municipal pension fund; specifies certain conditions and provides for transfer of certain contributions and liabilities from IMRF to the new municipal pension fund.

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Jan 10, 2017

House

Session Sine Die

Feb 27, 2015

House

First Reading

House

Referred to Rules Committee

Feb 26, 2015

House

Filed with the Clerk by Rep. Thomas Morrison

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