SB 498 Illinois Senate · 93rd Regular Session

PEN CD-IMRF-VESTING-BOARD

Summary

Amends the IMRF Article of the Illinois Pension Code. Changes the vesting requirement for a retirement annuity from 8 years to 5. Makes a corresponding change in one part of the retirement formula. Changes the service requirement for being a member of the Board of Trustees from 8 years to 5. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Mar 2003

Committee Review

Floor Vote

Governor

Introduced Mar 11, 2003 Last action Jan 11, 2005

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 1, 2003

Committee

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

upper

Mar 13, 2003

Upper · Passed

Do Pass Insurance & Pensions; 010-000-000

upper

Mar 11, 2003

Introduced

Pension Note Filed As Introduced

upper

Mar 5, 2003

Upper · Passed

To Subcommittee

upper

Feb 26, 2003

Committee

Assigned to Insurance & Pensions

upper

Feb 18, 2003

Committee

Referred to Rules

upper

0 primary · 1 co-sponsor