PENCD-IMRF-OPT OUT/REFUND Senate SponsorsSen. William R. Haine-Julie A. Morrison 1/9/2019SenateSession Sine Die 40 ILCS 5/7-137from Ch. 108 1/2, par. 7-13730 ILCS 805/8.41 newAmends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that any current Tier 2 employee who first became an employee after attaining the age of 57 may, until December 31, 2017, make a one-time, irrevocable election to terminate his or her participation in the Fund. Provides that if an employee elects to terminate his or her participation, he or she shall receive a refund of his or her employee contributions, plus interest at the effective rate from the date of the service to the date of payment. Provides that the option not to participate in the Fund shall be offered to every person who (i) first enters employment for which creditable service may be granted on or after the effective date of the amendatory Act, (ii) is 57 years of age or more when he or she first enters that employment, and (iii) would be subject to the Tier 2 provisions. Provides that the election not to participate must be made prior to making any employee contributions and prior to any employer contributions being made on that person's behalf. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/9/2017SenateFiled with Secretary by Sen. William R. Haine 2/9/2017SenateFirst Reading 2/9/2017SenateReferred to Assignments 2/15/2017SenateAssigned to Licensed Activities and Pensions 2/28/2017SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. William R. Haine 2/28/2017SenateSenate Committee Amendment No. 1 Referred to Assignments 3/1/2017SenatePostponed - Licensed Activities and Pensions 3/7/2017SenateAdded as Chief Co-Sponsor Sen. Julie A. Morrison 3/7/2017SenateSenate Committee Amendment No. 1 Assignments Refers to Licensed Activities and Pensions 3/17/2017SenateRule 2-10 Committee Deadline Established As April 7, 2017 3/29/2017SenatePostponed - Licensed Activities and Pensions 3/29/2017SenateSenate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions 4/6/2017SenatePostponed - Licensed Activities and Pensions 4/6/2017SenateSenate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions 4/7/2017SenateRule 2-10 Committee Deadline Established As May 5, 2017 4/27/2017SenatePostponed - Licensed Activities and Pensions 4/27/2017SenateSenate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions 5/4/2017SenatePostponed - Licensed Activities and Pensions 5/4/2017SenateSenate Committee Amendment No. 1 Postponed - Licensed Activities and Pensions 5/5/2017SenateRule 3-9(a) / Re-referred to Assignments 5/5/2017SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 5/9/2017SenateRule 2-10 Committee Deadline Established As May 19, 2017 5/9/2017SenateRe-assigned to Licensed Activities and Pensions 5/11/2017SenatePostponed - Licensed Activities and Pensions 5/19/2017SenateRule 3-9(a) / Re-referred to Assignments 1/9/2019SenateSession Sine Die