92nd General Assembly
Status of SB0480
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 Full Text  Bill Summary

   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.      
   Effective immediately.                                                      
          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                                               


 Full Text  Bill Summary