92nd General Assembly
Status of HB3378
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 Full Text  Bill Summary

   40 ILCS 5/7-139.10 new                                                      
   40 ILCS 5/9-121.14 new                                                      
   40 ILCS 5/14-103.40 new                                                     
   40 ILCS 5/14-104.12 new                                                     
   40 ILCS 5/14-108          from Ch. 108 1/2, par. 14-108                     
   40 ILCS 5/14-133          from Ch. 108 1/2, par. 14-133                     

        Amends the Illinois Pension Code.  Provides a special  retirement      
   formula  and  increases  the contribution rate for full-time assistant      
   attorneys general and attorneys employed full-time by  the  Office  of      
   the  State  Appellate Defender and the Office of the State's Attorneys      
   Appellate Prosecutor.  Allows them to reinstate and  transfer  certain      
   service  credits  from  the  Cook  County and IMRF retirement systems.      
   Effective immediately.                                                      
          PENSION NOTE (Illinois Pension Laws Commission)                      
          HB 3378 would increase the accrued liability of the fund by          
          $7.7 million. The increase in annual cost is estimated to be         
          0.3% of affected payroll (0.002% of total payroll), assuming         
          the additional employee contribution of 4% of salary. Approxi-       
          mately 450 SERS members would be considered eligible for the         
          new retirement formula, per HB 3378.                                 
   MAR-05-2001  H  FILED WITH CLERK                                               
   MAR-05-2001  H  FIRST READING                                                  
   MAR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   MAR-19-2001  H                        PENSION NOTE FILED                       
   MAR-19-2001  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary