92nd General Assembly
Status of HB3679
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 Full Text  Bill Summary

   40 ILCS 5/7-172           from Ch. 108 1/2, par. 7-172                      
   40 ILCS 5/7-199.4 new                                                       
   40 ILCS 5/7-204           from Ch. 108 1/2, par. 7-204                      

        Amends the Illinois Municipal  Retirement  Fund  Article  of  the      
   Illinois  Pension  Code.   Provides  that  each county with current or      
   former  elected  county  officers  participating  in  the  alternative      
   annuity program shall  have  a  separate  employer  contribution  rate      
   computed  for those elected officers, and provides that those officers      
   shall be treated as a separate unit within the Fund.  Provides that  a      
   municipality  may  transfer funds among its reserves, from one that is      
   over 100% funded to one that is  less,  under  certain  circumstances.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 3679 cannot be determined and would          
          vary among municipalities. The fiscal impact is expected to          
          very minor, as only accounting changes are provided for in           
          HB 3679.                                                             
   NOV-14-2001  H  FILED WITH CLERK                                               
   NOV-15-2001  H  FIRST READING                                                  
   NOV-15-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-22-2002  H                        PENSION NOTE FILED                       
   FEB-22-2002  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary