PEN CD-CONSOLIDATE DNST FIRE Senate SponsorsSen. William E. Brady 1/9/2019SenateSession Sine Die 35 ILCS 200/18-18540 ILCS 5/4-101from Ch. 108 1/2, par. 4-10140 ILCS 5/4-101.1 new40 ILCS 5/4-101.2 new40 ILCS 5/7-199.5 new40 ILCS 5/4-102.1 new40 ILCS 5/4-103from Ch. 108 1/2, par. 4-10340 ILCS 5/4-104.5 new40 ILCS 5/4-105from Ch. 108 1/2, par. 4-10540 ILCS 5/4-105c40 ILCS 5/4-105d40 ILCS 5/4-106.5 new40 ILCS 5/4-108from Ch. 108 1/2, par. 4-10840 ILCS 5/4-118from Ch. 108 1/2, par. 4-11840 ILCS 5/4-118.1from Ch. 108 1/2, par. 4-118.140 ILCS 5/4-121from Ch. 108 1/2, par. 4-12140 ILCS 5/4-121.1 new40 ILCS 5/4-121.2 new40 ILCS 5/4-124from Ch. 108 1/2, par. 4-12440 ILCS 5/4-128from Ch. 108 1/2, par. 4-12840 ILCS 5/4-129.5 new40 ILCS 5/4-130.1 new40 ILCS 5/4-130.3 new40 ILCS 5/4-130.4 new40 ILCS 5/4-130.5 new40 ILCS 5/4-134from Ch. 108 1/2, par. 4-13430 ILCS 805/8.42 newAmends the Illinois Pension Code. Merges all Article 4 firefighters' pension funds into a single Downstate Firefighters Pension Fund on January 1, 2020. Creates a Transition Board, which is responsible for planning, overseeing, and administering the consolidation. Authorizes the Transition Board to undertake numerous activities necessary for the consolidation, including making arrangements for staff, investments, transfer of assets and liabilities, acquisition of property, establishment of municipality accounts, and adopting rules and procedures. Authorizes the Transition Board to enter into contracts and to obligate and expend the assets of the Fund. Creates a new Board of Trustees for the Fund, and provides for administration of the Fund by the Transition Board until the new Board assumes its duties on January 1, 2021. Provides for investment of the Fund's assets by a custodian chosen by the Board of Trustees. Makes conforming and other changes. Amends the Property Tax Extension Limitation Law (PTELL) of the Property Tax Code to exclude from the definition of "aggregate extension" special purpose extensions made for contributions to the Downstate Firefighters Pension Fund. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately, except that certain changes to the Illinois Pension Code and PTELL of the Property Tax Code take effect January 1, 2020. 2/16/2018SenateFiled with Secretary by Sen. Pamela J. Althoff 2/16/2018SenateFirst Reading 2/16/2018SenateReferred to Assignments 2/27/2018SenateAssigned to Licensed Activities and Pensions 4/12/2018SenateTo Subcommittee on Pension Consolidation 4/13/2018SenateRule 2-10 Committee Deadline Established As April 27, 2018 4/27/2018SenateRule 3-9(a) / Re-referred to Assignments 9/30/2018SenateChief Sponsor Changed to Sen. William E. Brady 1/9/2019SenateSession Sine Die