|
| | 99TH GENERAL ASSEMBLY
State of Illinois
2015 and 2016
SB0843 Introduced 2/11/2015, by Sen. John G. Mulroe SYNOPSIS AS INTRODUCED:
|
| 40 ILCS 5/6-230 new | | 30 ILCS 805/8.39 new | |
|
Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that, upon plan termination, a participant's interest in the Fund shall be non-forfeitable. Amends the State Mandates Act to require implementation without reimbursement.
|
| |
| | | FISCAL NOTE ACT MAY APPLY | PENSION IMPACT NOTE ACT MAY APPLY | STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT |
| | A BILL FOR |
|
|
| | SB0843 | | LRB099 05977 EFG 26028 b |
|
|
| 1 | | AN ACT concerning public employee benefits.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Section 6-230 as follows:
|
| 6 | | (40 ILCS 5/6-230 new) |
| 7 | | Sec. 6-230. Termination of plan. Upon plan termination, a |
| 8 | | participant's interest in the Fund shall be non-forfeitable.
|
| 9 | | Section 90. The State Mandates Act is amended by adding |
| 10 | | Section 8.39 as follows:
|
| 11 | | (30 ILCS 805/8.39 new) |
| 12 | | Sec. 8.39. Exempt mandate. Notwithstanding Sections 6 and 8 |
| 13 | | of this Act, no reimbursement by the State is required for the |
| 14 | | implementation of any mandate created by this amendatory Act of |
| 15 | | the 99th General Assembly.
|