PEN CD-SURS-FURLOUGH COMP Senate SponsorsSen. Michael W. Frerichs, Larry K. Bomke, Dale A. Righter and David Luechtefeld House Sponsors(Rep. Naomi D. Jakobsson) 1/12/2011SenateSession Sine Die 40 ILCS 5/15-112from Ch. 108 1/2, par. 15-112Amends the State Universities Article of the Illinois Pension Code. Provides that compensation that would have been paid to the employee but for a mandatory furlough is credited to the employee for the purpose of defining final rate of earnings under the Article. Effective immediately.Senate Committee Amendment No. 1 Adds reference to:40 ILCS 5/15-113.11 newFurther amends the State Universities Article of the Illinois Pension Code. Allows a participant to establish creditable service and earnings credit for periods of furlough beginning on or after July 1, 2009 and ending on or before June 30, 2011. Provides that to receive this credit, the participant must (i) apply in writing to the System before December 31, 2011; (ii) not receive compensation from an employer for any furlough period; and (iii) make specified employee contributions based on the rate of basic compensation during the periods of furlough, plus an amount determined by the Board to be equal to the employer's normal cost of the benefit, plus compounded interest at the actuarially assumed rate from the date of voluntary or involuntary furlough to the date of payment. Requires the participant to provide, at the time of application, written certification from the employer providing the total number of furlough days a participant has been required to take. 2/11/2010SenateFiled with Secretary by Sen. Michael W. Frerichs 2/11/2010SenateFirst Reading 2/11/2010SenateReferred to Assignments 2/24/2010SenateAssigned to Pensions and Investments 3/2/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Michael W. Frerichs 3/2/2010SenateSenate Committee Amendment No. 1 Referred to Assignments 3/2/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Pensions and Investments 3/3/2010SenateSenate Committee Amendment No. 1 Adopted 3/4/2010SenateDo Pass as Amended Pensions and Investments; 008-000-000 3/4/2010SenatePlaced on Calendar Order of 2nd Reading March 9, 2010 3/4/2010SenateAdded as Co-Sponsor Sen. Larry K. Bomke 3/10/2010SenateSecond Reading 3/10/2010SenatePlaced on Calendar Order of 3rd Reading March 11, 2010 3/11/2010SenateAdded as Co-Sponsor Sen. Dale A. Righter 3/11/2010SenateAdded as Co-Sponsor Sen. David Luechtefeld 3/11/2010SenateThird Reading - Passed; 057-000-001 3/11/2010HouseArrived in House 3/12/2010HouseChief House Sponsor Rep. Naomi D. Jakobsson 3/12/2010HousePlaced on Calendar Order of First Reading 3/12/2010HouseFirst Reading 3/12/2010HouseReferred to Rules Committee 1/12/2011SenateSession Sine Die