40 ILCS 5/9-121.14 new
40 ILCS 5/9-121.16 new
40 ILCS 5/9-163 from Ch. 108 1/2, par. 9-163
40 ILCS 5/9-219 from Ch. 108 1/2, par. 9-219
30 ILCS 805/8.25 new
Amends the Cook County Article of the Pension Code. Allows a
county correctional officer to establish credit for periods spent as
an officer or employee of a labor organization that represents
employees. Requires payment of employee and employer contributions
plus interest; waives the employer contributions if application is
made before July 1, 2002. Allows certain members to purchase up to 5
years of service credit for time spent working as a benefits processor
for a firm under contract with the Fund and up to 10 years of service
credit for time spent rendering contractual services (other than legal
services) to the Board. Requires payment of an employee contribution,
but no employer contribution or interest. Allows a person
establishing credit for contractual service to reinstate credit in
this Fund and repay a refund without a return to service. Amends the
State Mandates Act to require implementation without reimbursement.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB 480 cannot be determined, as the
amount of service credit that would be purchased is unknown.
There would be a fiscal impact, but it is expected to be minor
as the amount of service credit that would be purchased would
probably be small.
FEB-20-2001 S FIRST READING
FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES
FEB-28-2001 S ASSIGNED TO COMMITTEE INS & PENS.
MAR-02-2001 S PENSION NOTE FILED
MAR-06-2001 S TO SUBCOMMITTEE
MAR-06-2001 S COMMITTEE INS & PENS.
MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary