Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/4-109.3 new

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides an alternative payment option, under which a qualifying member may convert up to 3 years of service credit into a lump sum payment at the time of retirement. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	According to the Commission's actuary, the fiscal impact of HB 1123 is estimated to be minor. The reduction in liability due to the forfeiture of the year or years of service credit is approximately equal to the amount of the lump sum payment provided by that forfeiture.

Actions 

Date	Chamber	Action
2/4/2003	House	Filed with the Clerk by Rep. Michael K. Smith
2/4/2003	House	First Reading
2/4/2003	House	Referred to Rules Committee
2/5/2003	House	Assigned to Executive Committee
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
3/24/2003	House	Pension Note Filed
1/11/2005	House	Session Sine Die

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