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

Statutes Amended In Order of Appearance

40 ILCS 5/7-109.3

from Ch. 108 1/2, par. 7-109.3

40 ILCS 5/7-132

from Ch. 108 1/2, par. 7-132

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Requires participation by all full-time municipal police officers who do not participate in an Article 3 police pension fund. Makes these police officers eligible for the sheriff's law enforcement (SLEP) formula. Excludes Chicago. Pre-empts home rule powers. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Pension Note (Pension Laws Commission)

The fiscal impact of HB 1550 cannot be determined and would vary among municipalities. If the employer does not currently participate in IMRF for their municipal employees or police officers, the cost of providing retirement benefits to police officers could be substantial. The cost would also increase for municipalities that currently offer police officers the IMRF regular formula, as HB 1550 requires all IMRF covered police officers to be covered by the SLEP formula.

Actions 

Date	Chamber	Action
2/7/2003	House	Filed with the Clerk by Rep. Michael K. Smith
2/10/2003	House	First Reading
2/10/2003	House	Referred to Rules Committee
2/11/2003	House	Assigned to Executive Committee
2/20/2003	House	Pension Note Filed
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

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