SB 1158 Illinois Senate · 95th Regular Session

PENCD-IMRF-AMORTIZING LIABLTY

Summary

Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. Provides that specified unfunded liabilities of participating municipalities shall be spread over the remainder of the period that is allowable under generally accepted accounting principles, except that the employer may provide for a longer period by adopting a resolution or ordinance specifying a 40-year period and submitting a certified copy of the ordinance or resolution to the fund. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Feb 2007

Committee Review

Floor Vote

Governor

Introduced Feb 8, 2007 Last action Jan 13, 2009

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 13, 2009

Senate · Failed

Session Sine Die

Mar 16, 2007

Senate · Referred to committee

Rule 3-9(a) / Re-referred to Rules

Mar 16, 2007

Senate · Referred to committee

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules

Mar 14, 2007

Senate · Reported by committee

Senate Committee Amendment No. 1 Postponed - Pensions and Investments

Mar 13, 2007

Senate · Reported by committee

Senate Committee Amendment No. 1 Rules Refers to Pensions and Investments

Mar 9, 2007

Senate · Referred to committee

Senate Committee Amendment No. 1 Referred to Rules

Mar 9, 2007

Senate · Amendment offered

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Bond

Feb 21, 2007

Senate · Referred to committee

Assigned to Pensions and Investments

Feb 8, 2007

Senate · Referred to committee

Referred to Rules

0 primary · 1 co-sponsor