92nd General Assembly
Status of SB0545
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   40 ILCS 5/1-119                                                             

        Amends the Illinois Pension Code.  Provides  that  a  QILDRO  may      
   specify  a  percentage  of  the member's benefit or apply a formula to      
   determine the amount  of  the  member's  benefit  to  be  paid  to  an      
   alternate  payee.  Provides that, if so specified, a QILDRO shall take      
   effect at a date other than at the time the benefit  becomes  payable.      
   Provides  that an alternate payee may not consent to a form of payment      
   that has the effect of diminishing the amount of the payment to  which      
   he  or  she  is  entitled  unless  the  written  consent is notarized.      
   Effective immediately.                                                      
          PENSION NOTE (Pension Laws Commission)                               
          SB 545 would not increase the accrued liabilities or annual          
          cost of any public pension fund or retirement system in Ill.         
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               INS & PENS.           
   MAR-06-2001  S       TO SUBCOMMITTEE                                           
   MAR-12-2001  S                        PENSION NOTE FILED AS INTRODUCED         
   MAR-12-2001  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