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IL SB1593

Bill

Official Source

Status

Introduced

2/20/2015

Primary Sponsor

Matt Murphy

Click for details

Origin

Senate

99th General Assembly

AI Summary

  • Amends the Illinois Pension Code by adding Section 1-170 to exclude overtime pay from pensionable compensation calculations.

  • Applies to all participants in any pension fund or retirement system under the Illinois Pension Code.

  • Excludes overtime pay earned after the effective date of the amendatory act from determining pensionable salary, earnings, or compensation.

  • May trigger application of the Fiscal Note Act and Pension Impact Note Act due to potential effects on pension liabilities.

Legislative Description

PEN CD-OVERTIME PAY EXCLUDED

Last Action

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

10/10/2015

Committee Referrals

Assignments10/10/2015
Governmental Operations3/19/2015
Executive3/3/2015
Assignments2/20/2015

Full Bill Text

No bill text available