92nd General Assembly
Status of HB0674
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   40 ILCS 5/7-151           from Ch. 108 1/2, par. 7-151                      
   40 ILCS 5/7-152           from Ch. 108 1/2, par. 7-152                      
   40 ILCS 5/7-166           from Ch. 108 1/2, par. 7-166                      
   40 ILCS 5/7-172           from Ch. 108 1/2, par. 7-172                      
   30 ILCS 805/8.25 new                                                        

        Amends the Illinois Municipal Retirement Fund (IMRF)  Article  of      
   the Illinois Pension Code. Extends the duration of certain disability       
   benefits to the age at which the recipient becomes  eligible for a          
   full Social Security old-age insurance benefit. Authorizes the payment      
   of a separation benefit to a person who is entitled to a retirement         
   annuity, but wishes instead to use the amounts to his or her credit in      
   the Fund to purchase credit in another retirement plan.   Changes  the      
   amortization    period    used   in   calculating   certain   employer      
   contributions, from 40 years to the period  that  is  allowable  under      
   generally  accepted  accounting principles.  Amends the State Mandates      
   Act  to  require  implementation  without  reimbursement.    Effective      
   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                                               


 Full Text  Bill Summary