40 ILCS 5/5-214 from Ch. 108 1/2, par. 5-214
30 ILCS 805/8.25 new
Amends the Chicago Police Article of the Illinois Pension Code.
Provides that a participant who has rendered at least 15 years of
service as a member of the police department may establish service
credit in the Fund for a period of up to 7 years spent performing
corrections work for Cook County, the State of Illinois, or the
federal government. Amends the State Mandates Act to require
implementation without reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
The fiscal impact of SB707 cannot be determined, as it depends
on the amount of service credit established. The fiscal impact
is expected to be minor, as the employee is required to make
the employee contributions (with interest) and the City is
required to make the corresponding employer contributions.
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-19-2001 S PENSION NOTE FILED
MAR-19-2001 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