91st General Assembly
Summary of SB1877
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Senate Sponsors:
LUECHTEFELD.

Short description: 
PEN CD-STATE POLICE TRANSFRS                                               

Synopsis of Bill as introduced:
        Amends the Illinois Pension Code.  Authorizes a  State  Policeman      
   to  transfer  to the State Employees' Retirement System up to 12 years      
   of creditable service accumulated under IMRF for service as a civilian      
   employee of a municipal police department.  Requires  payment  of  the      
   difference  between  the  amounts  transferred  to  the System and the      
   amounts that would have been contributed, plus  interest.    Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 1877 cannot be determined because the        
          amount of service credit that would be transferred is unknown.       
          It is estimated to be minor, as the transferred and required         
          employee contributions are intended to offset most of the            
          increase in accrued liability.                                       
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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