House Sponsors: MURPHY. Short description: PEN CD-IMRF-TRUSTEES ETC Synopsis of Bill as introduced: Amends the Illinois Municipal Retirement Fund Article of the Pension Code. Provides for the payment of an annuity to the surviving spouse of a former employee who, on the date of death, meets the service requirements but not the age requirements for receiving a retirement annuity. Changes a provision relating to the calculation of employer contributions. Adds a second annuitant member to the Board and gives both annuitant trustees the right to vote on Board business. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The only cost item in HB 2366 is granting a surviving spouse annuity to the surviving spouses of inactive members who meet service but not necessarily age requirements. It is estimated HB 2366 would increase the annual cost of IMRF employers by 0.5% of payroll for regular members and 0.12% of payroll for SLEP employees. This is an average cost for all employers and would vary among individual IMRF employers. Changing the amortization period from 32 to 30 years in 2006 would increase annual employer contributions but would not affect accrued liabilities. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status