40 ILCS 5/7-139 from Ch. 108 1/2, par. 7-139
Amends the IMRF Article of the Illinois Pension Code. Provides
that the governing body of a participating unit of local government
may authorize a current or former elected or appointed official to
establish service credit for more than 50 months of prior service for
which the official could have elected to participate in the Fund, but
did not. (Currently, officials other than county board members are
limited to 50 months.) Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB642 cannot be determined, as the amount
of service credit that will be purchased is unknown. Since
SB 642 requires only employee contributions, plus interest,
there will be a fiscal impact.
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
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
END OF INQUIRY
Full Text Bill Summary