PENCD-IMRF-AMORTIZING LIABLTY Senate SponsorsSen. Michael Bond 1/13/2009SenateSession Sine Die 40 ILCS 5/7-172from Ch. 108 1/2, par. 7-172 Amends the Illinois Municipal Retirement Fund Article of the Illinois Pension Code. Provides that specified unfunded liabilities of participating municipalities shall be spread over the remainder of the period that is allowable under generally accepted accounting principles, except that the employer may provide for a longer period by adopting a resolution or ordinance specifying a 40-year period and submitting a certified copy of the ordinance or resolution to the fund. Effective immediately. 2/8/2007SenateFiled with Secretary by Sen. Michael Bond 2/8/2007SenateFirst Reading 2/8/2007SenateReferred to Rules 2/21/2007SenateAssigned to Pensions and Investments 3/1/2007SenatePostponed - Pensions and Investments 3/7/2007SenatePostponed - Pensions and Investments 3/9/2007SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Bond 3/9/2007SenateSenate Committee Amendment No. 1 Referred to Rules 3/13/2007SenateSenate Committee Amendment No. 1 Rules Refers to Pensions and Investments 3/14/2007SenateSenate Committee Amendment No. 1 Postponed - Pensions and Investments 3/14/2007SenatePostponed - Pensions and Investments 3/16/2007SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules 3/16/2007SenateRule 3-9(a) / Re-referred to Rules 1/13/2009SenateSession Sine Die