PEN CD-IMRF-INCR DEATH BENEFIT House SponsorsRep. Robert S. Molaro 1/9/2007HouseSession Sine Die 40 ILCS 5/7-118from Ch. 108 1/2, par. 7-11840 ILCS 5/7-139from Ch. 108 1/2, par. 7-13940 ILCS 5/7-141from Ch. 108 1/2, par. 7-14140 ILCS 5/7-142from Ch. 108 1/2, par. 7-14240 ILCS 5/7-152from Ch. 108 1/2, par. 7-15240 ILCS 5/7-158from Ch. 108 1/2, par. 7-15840 ILCS 5/7-164from Ch. 108 1/2, par. 7-16440 ILCS 5/7-168from Ch. 108 1/2, par. 7-16840 ILCS 5/7-172from Ch. 108 1/2, par. 7-17240 ILCS 5/7-174from Ch. 108 1/2, par. 7-17440 ILCS 5/7-205from Ch. 108 1/2, par. 7-20540 ILCS 5/7-206from Ch. 108 1/2, par. 7-20630 ILCS 805/8.29 new Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Increases the death benefit from $3,000 to $5,000. Authorizes the Fund to pay interest on separation benefits. Changes the vesting requirement for a retirement annuity from 8 years to 5 years. Makes a corresponding change in one part of the retirement formula. Changes the service requirement for being a member of the Board of Trustees, from 8 years to 5 years. Authorizes employers to increase disability benefits from 50% to 60% of earnings, with the resulting costs to be paid by the employer and employees. Deletes provisions limiting the retroactive payment of retirement benefits. Removes a provision limiting unused sick leave credit to credit from an employer with which the employee is in service within the 60 days before retirement. Allows an employee to receive a full pension after 30 years of service (rather than 35 years of service). Provides that no more than 24 months (rather than 12 months) of creditable service may be credited for unused sick leave. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 2/8/2005HouseFiled with the Clerk by Rep. Robert S. Molaro 2/9/2005HouseFirst Reading 2/9/2005HouseReferred to Rules Committee 2/10/2005HouseAssigned to Executive Committee 3/10/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007HouseSession Sine Die