PEN CD-IMRF TO ART 3-TRANSFER Senate SponsorsSen. John F. Curran, Brian W. Stewart and Rachelle Crowe House Sponsors(Rep. Mark Batinick and Tom Weber) 5/13/2022SenatePublic Act . . . . . . . . . 102-0857 40 ILCS 5/3-110.1040 ILCS 5/7-139.1430 ILCS 805/8.46 newAmends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that within 6 months after the effective date of the amendatory Act, a person may transfer to a fund established under the Downstate Police Article creditable service accumulated under IMRF for service as a county correctional officer upon payment to the police pension fund of a specified amount to be determined by the board. Provides that any person applying to transfer service under the provisions may reinstate credits and creditable service under IMRF that were terminated upon receipt of a separation benefit by paying to IMRF the amount of the separation benefit plus interest thereon at the actuarially assumed rate of interest to the date of payment. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Senate Committee Amendment No. 1 Provides that within 6 months after the effective date of the amendatory Act, a person may transfer to a fund established under the Downstate Police Article creditable service accumulated under the Illinois Municipal Retirement Fund (IMRF) for service as a person employed by a participating municipality to perform administrative duties related to law enforcement upon payment to the police pension fund of a specified amount to be determined by the board. Makes a conforming change. 1/21/2022SenateFiled with Secretary by Sen. John F. Curran 1/21/2022SenateFirst Reading 1/21/2022SenateReferred to Assignments 2/1/2022SenateAssigned to Pensions 2/7/2022SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John F. Curran 2/7/2022SenateSenate Committee Amendment No. 1 Referred to Assignments 2/8/2022SenateSenate Committee Amendment No. 1 Assignments Refers to Pensions 2/9/2022SenateSenate Committee Amendment No. 1 Adopted 2/9/2022SenateDo Pass as Amended Pensions; 008-000-000 2/9/2022SenatePlaced on Calendar Order of 2nd Reading February 10, 2022 2/10/2022SenateSecond Reading 2/10/2022SenatePlaced on Calendar Order of 3rd Reading February 15, 2022 2/16/2022SenateAdded as Co-Sponsor Sen. Brian W. Stewart 2/16/2022SenateThird Reading - Passed; 055-000-000 2/16/2022HouseArrived in House 2/16/2022HouseChief House Sponsor Rep. Jim Durkin 2/16/2022HouseFirst Reading 2/16/2022HouseReferred to Rules Committee 2/22/2022SenateAdded as Co-Sponsor Sen. Rachelle Crowe 3/7/2022HouseAssigned to Personnel & Pensions Committee 3/16/2022HouseAlternate Chief Sponsor Changed to Rep. Mark Batinick 3/17/2022HouseDo Pass / Short Debate Personnel & Pensions Committee; 008-000-000 3/17/2022HousePlaced on Calendar 2nd Reading - Short Debate 3/23/2022HouseSecond Reading - Short Debate 3/23/2022HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/24/2022HouseAdded Alternate Co-Sponsor Rep. Tom Weber 3/31/2022HouseThird Reading - Short Debate - Passed 114-000-000 3/31/2022SenatePassed Both Houses 4/29/2022SenateSent to the Governor 5/13/2022SenateGovernor Approved 5/13/2022SenateEffective Date May 13, 2022 5/13/2022SenatePublic Act . . . . . . . . . 102-0857