<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 1542   </title>
<shortdesc>PEN CD-ART 3 &amp; 4 TRANSFERS</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. David Koehler</sponsors>
</sponsor>
<lastaction>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/3-110.8</reference><aliasreference></aliasreference><reference>40 ILCS 5/3-110.10</reference><aliasreference></aliasreference><reference>40 ILCS 5/7-139.11</reference><aliasreference></aliasreference><reference>40 ILCS 5/7-139.13</reference><aliasreference></aliasreference><reference>30 ILCS 805/8.33 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Allows participants of a downstate police pension fund to transfer up to 10 years of creditable service to the IMRF and allows participants of IMRF to transfer up to 10 years of creditable service to the a downstate police pension fund. Requires the participant to either pay the difference in contributions or have the creditable service reduced accordingly. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/18/2009</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. David Koehler</action>
<statusdate>2/18/2009</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/18/2009</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/25/2009</statusdate><chamber>Senate</chamber><action>Assigned to Pensions and Investments</action>
<statusdate>3/6/2009</statusdate><chamber>Senate</chamber><action>Postponed - Pensions and Investments</action>
<statusdate>3/12/2009</statusdate><chamber>Senate</chamber><action>Postponed - Pensions and Investments</action>
<statusdate>3/13/2009</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/12/2011</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

