Illinois House Bill 4660 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 20 2022 - 25% progression, died in committee
Action: 2022-02-18 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Employee Article of the Illinois Pension Code. Provides that an investigator for the Department of Revenue or investigator for the Illinois Gaming Board may elect to establish eligible creditable service under the alternative retirement annuity formula for up to 5 years of service as a person employed by a participating municipality to perform police duties under the Illinois Municipal Retirement Fund (IMRF) Article, a county corrections officer, a court services officer under the Cook County Article, or a firefighter under the Downstate Firefighter Article by filing a written election with the Board within 6 months after the effective date of the amendatory Act and paying to the System an amount to be determined by the Board equal to (i) the difference between the amount of employee and employer contributions transferred to the System and the amounts that would have been contributed had such contributions been made at the rates applicable to investigators for the Department of Revenue or investigators for the Illinois Gaming Board, plus (ii) interest thereon at the actuarially assumed rate for each year, compounded annually, from the date of service to the date of payment. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Makes conforming changes in the Downstate Firefighter, Cook County, and IMRF Articles. Amends the State Mandates Act to require implementation without reimbursement by the State.

PENCD-SERS-ALTERNATIVE FORMULA

Sen. Michael Halpin [D]

Date	Chamber	Action
2022-02-18	House	Rule 19(a) / Re-referred to Rules Committee
2022-02-18	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2022-02-15	House	House Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
2022-02-14	House	House Committee Amendment No. 1 Referred to Rules Committee
2022-02-14	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Michael Halpin
2022-02-09	House	Assigned to Personnel & Pensions Committee
2022-01-21	House	Referred to Rules Committee
2022-01-21	House	First Reading
2022-01-20	House	Filed with the Clerk by Rep. Michael Halpin

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.46	New Code	See Bill Text
40	5	14-110	Amended Code	Citation Text
40	5	14-152.1	Amended Code	Citation Text
40	5	4-108.8	Amended Code	Citation Text
40	5	7-139.8	Amended Code	Citation Text
40	5	9-121.10	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4660&GAID=16&DocTypeID=HB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/HB/10200HB4660.htm
Amendment	https://www.ilga.gov/legislation/102/HB/10200HB4660ham001.htm