PENCD-IMRF-TRANSFER FROM ART 3 House SponsorsRep. Daniel V. Beiser Senate Sponsors(Sen. William R. Haine) 8/13/2008HousePublic Act . . . . . . . . . 95-0812 40 ILCS 5/7-139from Ch. 108 1/2, par. 7-13930 ILCS 805/8.32 new Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Fund. Provides that, if a member seeking transfer of certain creditable service under the Downstate Police Article to the Illinois Municipal Retirement Fund Article applies before January 1, 2009 and pays the difference between (1) the employer and employee contributions that would have been required if he had participated in the IMRF during the period for which credit is being transferred, plus interest thereon at the effective rate for each year, compounded annually, from the date of termination of the service for which credit is being transferred to the date of payment and (2) the amount actually transferred to IMRF, then the amount of creditable service established shall not be reduced. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.House Amendment No. 1 Adds reference to:40 ILCS 5/3-110from Ch. 108 1/2, par. 3-110Replaces everything after the enacting clause. Amends the Downstate Police and Illinois Municipal Retirement Fund Articles of the Illinois Pension Code. Provides that, until January 1, 2010, a police officer who transferred service from the Illinois Municipal Retirement Fund or a member of IMRF who transferred service from a pension fund under the Downstate Police Article of the Code under the provisions of Public Act 94-356 may establish additional credit, but only for the amount of the service credit reduction in that transfer. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. 1/24/2008HouseFiled with the Clerk by Rep. Daniel V. Beiser 1/25/2008HouseFirst Reading 1/25/2008HouseReferred to Rules Committee 2/6/2008HouseAssigned to Personnel and Pensions Committee 2/22/2008HouseHouse Amendment No. 1 Filed with Clerk by Personnel and Pensions Committee 2/22/2008HouseHouse Amendment No. 1 Adopted in Personnel and Pensions Committee; by Voice Vote 2/22/2008HouseDo Pass as Amended / Short Debate Personnel and Pensions Committee; 005-000-000 2/22/2008HousePlaced on Calendar 2nd Reading - Short Debate 2/28/2008HouseSecond Reading - Short Debate 2/28/2008HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/6/2008HouseThird Reading - Short Debate - Passed 105-000-000 3/6/2008SenateArrive in Senate 3/6/2008SenatePlaced on Calendar Order of First Reading March 11, 2008 3/6/2008SenateChief Senate Sponsor Sen. William R. Haine 3/19/2008SenateFirst Reading 3/19/2008SenateReferred to Rules 5/7/2008SenateAssigned to Pensions and Investments 5/13/2008SenateDo Pass Pensions and Investments; 007-000-000 5/13/2008SenatePlaced on Calendar Order of 2nd Reading May 14, 2008 5/13/2008SenateSecond Reading 5/13/2008SenatePlaced on Calendar Order of 3rd Reading May 14, 2008 5/20/2008SenateThird Reading - Passed; 057-000-001 5/20/2008HousePassed Both Houses 6/18/2008HouseSent to the Governor 8/13/2008HouseGovernor Approved 8/13/2008HouseEffective Date August 13, 2008 8/13/2008HousePublic Act . . . . . . . . . 95-0812