KLEMM. 40 ILCS 5/4-108 from Ch. 108 1/2, par. 4-108 40 ILCS 5/7-139.10 new 30 ILCS 805/8.26 new Amends the Illinois Pension Code to allow a person with IMRF credit for service as a member of a municipal fire department to transfer that credit to a firefighters' pension fund. Requires payment of the difference in required contributions, if any. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) The fiscal impact of SB 1817 cannot be determined, as it de- pends on the amount of service credit transferred from IMRF to the Downstate Firefighters' pension funds. The fiscal impact is estimated to be minor, as the employee is required to contri- bute the difference between the employee and employer contribu- tions that would have been made as a member of a Downstate Firefighters' pension fund and the amounts transferred from IMRF on behalf of the firefighter. Interest payment is also re- quired. FEB-06-2002 S FIRST READING FEB-06-2002 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-15-2002 S PENSION NOTE FILED AS INTRODUCED FEB-15-2002 S COMMITTEE RULES FEB-27-2002 S ASSIGNED TO COMMITTEE INS & PENS. MAR-05-2002 S POSTPONED MAR-05-2002 S COMMITTEE INS & PENS. MAR-08-2002 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary