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SB 1958 Illinois Senate · 95th Regular Session

PEN CD-IMRF-INTEREST ON BENEFT

Summary
Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. Provides that the amount of the separation benefits shall include interest at 50% of the prescribed rate of interest per annum from the date of enrollment to the date of termination of participation. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2008
Committee Review
Apr 2008
Senate Passage
Apr 2008
House Passage
Governor
Introduced Apr 17, 2008 Last action Jan 13, 2009
Floor votes · Senate Apr 16, 2008

How they voted

37–17
Passed · 3 other
Total votes 57
Apr 16, 2008
D Democratic35
34 Yea 1
97% Yea
R Republican22
3 Yea 17 Nay 2
77% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
16
Key actions
2
Committee
4
Apr 17, 2008
Committee
Referred to Rules Committee
lower
Apr 17, 2008
Introduced
Arrived in House
lower
Apr 16, 2008
Senate · Passed
Senate Vote: pass (37-17-3)
senate
Feb 21, 2008
Upper · Passed
Do Pass Pensions and Investments; 006-004-000
upper
Feb 14, 2008
Committee
Assigned to Pensions and Investments
upper
Feb 7, 2008
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.