40 ILCS 5/7-141 from Ch. 108 1/2, par. 7-141
40 ILCS 5/7-142 from Ch. 108 1/2, par. 7-142
40 ILCS 5/7-168 from Ch. 108 1/2, par. 7-168
40 ILCS 5/7-174 from Ch. 108 1/2, par. 7-174
30 ILCS 805/8.25 new
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.
Authorizes the Fund to pay interest on separation benefits. 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.
FEB-06-2001 H FILED WITH CLERK
FEB-06-2001 H FIRST READING
FEB-06-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-07-2001 H ASSIGNED TO COMMITTEE PERS PENSION
MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL
JAN-07-2003 H SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary