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IL SB3785

Bill

Status

Passed

5/13/2022

Primary Sponsor

John Curran

Click for details

Origin

Senate

102nd General Assembly

AI Summary

  • Allows county correctional officers and municipal employees performing administrative duties related to law enforcement to transfer creditable service from Article 7 to Article 3 pension funds within 6 months of the effective date.

  • Requires payment to the receiving Article 3 pension fund equal to accumulated employee credits, employer contributions matching that amount, and any interest paid to reinstate service.

  • Permits applicants to reinstate previously terminated credits upon receiving a separation benefit by paying the benefit amount plus actuarially assumed interest within 90 days of notification.

  • Exempts the state from reimbursing local governments for mandates created by this act under the State Mandates Act.

  • Takes effect upon becoming law.

Legislative Description

PEN CD-IMRF TO ART 3-TRANSFER

Last Action

Public Act . . . . . . . . . 102-0857

5/13/2022

Committee Referrals

Personnel & Pensions3/7/2022
Rules2/16/2022
Pensions2/8/2022
Assignments2/7/2022
Pensions2/1/2022
Assignments1/21/2022

Full Bill Text

No bill text available