Bill Status of HB 2434   93rd General Assembly

Short Description:  PEN CD-MWRD-MILITARY CREDIT

House Sponsors
Rep. Ralph C. Capparelli-Joseph M. Lyons-Daniel J. Burke-Angelo Saviano-Sara Feigenholtz

Senate Sponsors
(Sen. Martin A. Sandoval-Don Harmon, Antonio Munoz, Iris Y. Martinez and Edward D. Maloney)


Last Action  View All Actions

DateChamber Action
  7/24/2003HousePublic Act . . . . . . . . . 93-0334

Statutes Amended In Order of Appearance
40 ILCS 5/13-401from Ch. 108 1/2, par. 13-401
40 ILCS 5/13-402from Ch. 108 1/2, par. 13-402
40 ILCS 5/13-403from Ch. 108 1/2, par. 13-403
30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Authorizes certain persons to purchase up to 2 years of service credit for certain military service not following employment. Requires payment of an amount representing both employee contributions and the employer's normal cost, plus interest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note (Pension Laws Commission)
 The fiscal impact of HB 2434 cannot be determined, as the number of members who will purchase the military service credit is unknown. As the bill requires the employee to make the employee and employer (normal cost) contributions, plus interest (3% annually), the fiscal impact is estimated to be relatively minor. Any fiscal impact would be the result of the interest rate being set at only 3% annually.

Actions 
DateChamber Action
  2/20/2003HouseFiled with the Clerk by Rep. Ralph C. Capparelli
  2/20/2003HouseChief Co-Sponsor Rep. Joseph M. Lyons
  2/20/2003HouseChief Co-Sponsor Rep. Daniel J. Burke
  2/20/2003HouseChief Co-Sponsor Rep. Angelo Saviano
  2/20/2003HouseChief Co-Sponsor Rep. Richard T. Bradley
  2/20/2003HouseFirst Reading
  2/20/2003HouseReferred to Rules Committee
  2/26/2003HouseAssigned to Executive Committee
  2/28/2003HouseRe-assigned to Personnel and Pensions Committee
  3/6/2003HouseDo Pass / Short Debate Personnel and Pensions Committee; 007-000-000
  3/6/2003HousePlaced on Calendar 2nd Reading - Short Debate
  3/10/2003HousePension Note Filed
  3/19/2003HouseAdded Chief Co-Sponsor Rep. Sara Feigenholtz
  3/20/2003HouseSecond Reading - Short Debate
  3/20/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/21/2003HouseThird Reading - Short Debate - Passed 109-007-000
  3/24/2003SenateArrive in Senate
  3/24/2003SenatePlaced on Calendar Order of First Reading March 25, 2003
  3/27/2003SenateChief Senate Sponsor Sen. Martin A. Sandoval
  4/2/2003SenateFirst Reading
  4/2/2003SenateReferred to Rules
  4/8/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Don Harmon
  4/16/2003SenateAssigned to Insurance & Pensions
  4/29/2003SenateDo Pass Insurance & Pensions; 009-000-000
  4/29/2003SenatePlaced on Calendar Order of 2nd Reading April 30, 2003
  4/30/2003SenateSecond Reading
  4/30/2003SenatePlaced on Calendar Order of 3rd Reading May 1, 2003
  5/1/2003SenateAdded as Alternate Co-Sponsor Sen. Antonio Munoz
  5/5/2003SenateAdded as Alternate Co-Sponsor Sen. Iris Y. Martinez
  5/13/2003SenateAdded as Alternate Co-Sponsor Sen. Edward D. Maloney
  5/13/2003SenateVerified
  5/13/2003SenateThird Reading - Passed; 032-016-009
  5/13/2003HousePassed Both Houses
  6/11/2003HouseSent to the Governor
  7/24/2003HouseGovernor Approved
  7/24/2003HouseEffective Date July 24, 2003
  7/24/2003HousePublic Act . . . . . . . . . 93-0334

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