PEN CD-ART 3-INSUFFICIENT FUND House SponsorsRep. Kevin A. McCarthy Senate Sponsors(Sen. Kwame Raoul-Pamela J. Althoff) 2/4/2011HousePublic Act . . . . . . . . . 96-1517 40 ILCS 5/3-142from Ch. 108 1/2, par. 3-142 Amends the Downstate Police Article of the Illinois Pension Code. Removes language that provides that beneficiaries shall be paid pro rata from the available funds if there is not sufficient money in the fund to pay the benefits under the Article. Effective immediately.Pension Note (Government Forecasting & Accountability) HB 5417 will have a fiscal impact on those pension funds that would otherwise pay a pro-rata share in cases where there is not sufficient money in the fund to pay benefits. It is unknown how many pension funds have become subject to the pro-rata payment requirement.Fiscal Note (Dept. of Insurance) HB 5417 has no projected fiscal impact to the Illinois Department of Insurance. 2/4/2010HouseFiled with the Clerk by Rep. Kevin A. McCarthy 2/5/2010HouseFirst Reading 2/5/2010HouseReferred to Rules Committee 2/16/2010HouseAssigned to Personnel and Pensions Committee 3/4/2010HouseDo Pass / Short Debate Personnel and Pensions Committee; 010-000-000 3/4/2010HousePlaced on Calendar 2nd Reading - Short Debate 3/9/2010HouseFiscal Note Requested by Rep. William B. Black 3/9/2010HousePension Note Requested by Rep. William B. Black 3/10/2010HousePension Note Filed 3/15/2010HouseFiscal Note Filed 3/17/2010HouseSecond Reading - Short Debate 3/17/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/19/2010HouseThird Reading - Short Debate - Passed 071-036-000 3/23/2010SenateArrive in Senate 3/23/2010SenatePlaced on Calendar Order of First Reading 3/23/2010SenateChief Senate Sponsor Sen. Kwame Raoul 3/23/2010SenateFirst Reading 3/23/2010SenateReferred to Assignments 4/6/2010SenateAssigned to Pensions and Investments 4/20/2010SenatePostponed - Pensions and Investments 4/22/2010SenatePostponed - Pensions and Investments 4/23/2010SenateRule 2-10 Committee Deadline Established As May 7, 2010 5/7/2010SenateRule 3-9(a) / Re-referred to Assignments 12/29/2010SenateRe-assigned to Executive 1/3/2011SenateRule 2-10 Committee/3rd Reading Deadline Established As January 11, 2011 1/4/2011SenateDo Pass Executive; 013-000-000 1/4/2011SenatePlaced on Calendar Order of 2nd Reading January 4, 2011 1/4/2011SenateAdded as Alternate Chief Co-Sponsor Sen. Pamela J. Althoff 1/4/2011SenateSecond Reading 1/4/2011SenatePlaced on Calendar Order of 3rd Reading January 5, 2011 1/5/2011SenateThird Reading - Passed; 053-001-000 1/5/2011HousePassed Both Houses 1/7/2011HouseSent to the Governor 2/4/2011HouseGovernor Approved 2/4/2011HouseEffective Date February 4, 2011 2/4/2011HousePublic Act . . . . . . . . . 96-1517