92nd General Assembly
Status of HB5633
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   40 ILCS 5/4-106.1         from Ch. 108 1/2, par. 4-106.1                    
   30 ILCS 805/8.26 new                                                        

        Amends the Downstate Firefighter Article of the Illinois  Pension      
   Code.    When  a  municipal  fire  department  is discontinued and the      
   affected territory is annexed by a fire protection district,  provides      
   for  transfer  of  the  assets  and  liabilities of the municipality's      
   firefighters' pension fund to the pension fund of the fire  protection      
   district.    Amends  the  State Mandates Act to require implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Illinois Pension Laws Commission)                      
          The fiscal impact of HB 5633 cannot be determined, but is es-        
          timated to be minor, as the number of funds that would be            
          affected by the draft is probably very small. There may be a         
          fiscal impact to the pension funds of the fire protection dis-       
          tricts, as the liabilities transferred to those funds would          
          probably be greater than the transferred assets.                     
   FEB-06-2002  H  FILED WITH CLERK                                               
   FEB-06-2002  H  FIRST READING                                                  
   FEB-06-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-15-2002  H                        PENSION NOTE FILED                       
   FEB-15-2002  H                   COMMITTEE               RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary