40 ILCS 5/14-110 from Ch. 108 1/2, par. 14-110
Amends the State Employee Article of the Illinois Pension Code.
Allows an alternative formula employee to purchase credit for service
as a full-time law enforcement officer employed by the Chicago Transit
Authority. Requires the applicant to pay both employee and employer
contributions, plus interest. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of HB 1064 cannot be determined, as the
amount of service credit that may be established for CTA
employment is unknown. The fiscal impact is estimated to be
minor as the alternative formula employee is required to make
the employee and employer (normal cost) contributions, plus
interest from the date of first employment as an alternative
formula employee to the date of payment.
HOUSE AMENDMENT NO. 1.
Deletes reference to:
40 ILCS 5/14-110
Adds reference to:
40 ILCS 5/2-110 from Ch. 108 1/2, par. 2-110
40 ILCS 5/14-105.1 from Ch. 108 1/2, par. 14-105.1
Replaces everything. Amends the Illinois Pension Code. Provides
that an active member of the General Assembly Retirement System may
transfer any part of his or her creditable service accumulated under
the State Employees Retirement System to the General Assembly
Retirement System. Until July 1, 2003, allows GA members to make
those transfers at a reduced cost by excluding certain interest.
FEB-14-2001 H FILED WITH CLERK
FEB-14-2001 H FIRST READING
FEB-14-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-16-2001 H ASSIGNED TO COMMITTEE PERS PENSION
FEB-27-2001 H PENSION NOTE FILED
FEB-27-2001 H COMMITTEE PERS PENSION
MAR-15-2001 H PRIMARY SPONSOR CHANGED TO STROGER
MAR-16-2001 H AMENDMENT NO. 01-PERS PENSION H
MAR-16-2001 H ADOPTED
MAR-16-2001 H DO PASS AMENDED/SHORT DEBATE 008-000-002 HPPN
MAR-16-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE
MAR-20-2001 H SECOND READING-SHORT DEBATE
MAR-20-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE
MAR-21-2001 H THIRD READING/SHORT DEBATE/PASSED 064-040-005
MAR-22-2001 S ARRIVE IN SENATE
MAR-22-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-03-27
APR-04-2001 S CHIEF SPONSOR MOLARO
APR-05-2001 S FIRST READING
APR-05-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
APR-25-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAY-08-2001 S POSTPONED
MAY-08-2001 S COMMITTEE INS & PENS.
MAY-12-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
JAN-07-2003 H SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary