PEN CD-DISSOLUTION OF FUNDS House SponsorsRep. Jack D. Franks and Elaine Nekritz Senate Sponsors(Sen. Pamela J. Althoff) 7/14/2011HousePublic Act . . . . . . . . . 97-0099 40 ILCS 5/3-101from Ch. 108 1/2, par. 3-10140 ILCS 5/3-144.6 new40 ILCS 5/4-101from Ch. 108 1/2, par. 4-10140 ILCS 5/4-106.1from Ch. 108 1/2, par. 4-106.130 ILCS 805/8.35 new Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Allows the corporate authorities of a municipality, by resolution or ordinance, to dissolve the downstate police or firefighter pension funds established by the municipality if an independent auditor has certified to the authorities that the funds have no liabilities, participants, or beneficiaries entitled to benefits. Requires the corporate authorities of the municipality to reestablish those funds if a police officer or firefighter of the municipality seeks to establish service credit in the fund or if reestablishment of the fund is required upon a former police officer or firefighter's reinstatement of creditable service. Suspends the duty of the corporate authorities of a municipality to establish and administer a downstate police or firefighter pension fund while the fund is dissolved. Requires the Public Pension Division of the Department of Insurance to adopt corresponding procedural rules. 1/13/2011HouseFiled with the Clerk by Rep. Jack D. Franks 1/18/2011HouseFirst Reading 1/18/2011HouseReferred to Rules Committee 2/8/2011HouseAssigned to Executive Committee 2/14/2011HouseRe-assigned to Personnel and Pensions Committee 3/10/2011HouseDo Pass / Short Debate Personnel and Pensions Committee; 009-000-000 3/10/2011HousePlaced on Calendar 2nd Reading - Short Debate 3/29/2011HouseAdded Co-Sponsor Rep. Elaine Nekritz 3/29/2011HouseSecond Reading - Short Debate 3/29/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/30/2011HouseThird Reading - Short Debate - Passed 116-000-000 3/31/2011SenateArrive in Senate 3/31/2011SenatePlaced on Calendar Order of First Reading 3/31/2011SenateChief Senate Sponsor Sen. Pamela J. Althoff 3/31/2011SenateFirst Reading 3/31/2011SenateReferred to Assignments 4/27/2011SenateAssigned to Pensions and Investments 5/4/2011SenateDo Pass Pensions and Investments; 006-000-000 5/4/2011SenatePlaced on Calendar Order of 2nd Reading May 5, 2011 5/12/2011SenateSecond Reading 5/12/2011SenatePlaced on Calendar Order of 3rd Reading May 13, 2011 5/17/2011SenateThird Reading - Passed; 055-000-000 5/17/2011HousePassed Both Houses 6/15/2011HouseSent to the Governor 7/14/2011HouseGovernor Approved 7/14/2011HouseEffective Date January 1, 2012 7/14/2011HousePublic Act . . . . . . . . . 97-0099