PEN CD-IMRF-SLEP BENEFITS Senate SponsorsSen. Terry Link-John O. Jones, Dan Rutherford, Bill Brady, Mike Jacobs and Pamela J. Althoff House Sponsors(Rep. Kurt M. Granberg-Gary Hannig-Patrick J Verschoore-Dan Brady-Art Tenhouse, Raymond Poe, Rich Brauer, Michael P. McAuliffe, William B. Black, Jack D. Franks, Linda Chapa LaVia, Lou Lang and Karen A. Yarbrough) 12/9/2005SenatePublic Act . . . . . . . . . 94-0712 40 ILCS 5/7-142.1from Ch. 108 1/2, par. 7-142.140 ILCS 5/7-156from Ch. 108 1/2, par. 7-15640 ILCS 5/7-169from Ch. 108 1/2, par. 7-16940 ILCS 5/7-172from Ch. 108 1/2, par. 7-17240 ILCS 5/7-173.1from Ch. 108 1/2, par. 7-173.130 ILCS 805/8.29 newAmends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Increases the retirement formula for sheriff's law enforcement employees (SLEPs) to 2.5% of the final rate of earnings for each year of SLEP service. Increases the maximum pension payable to a SLEP from 75% to 80% of the final rate of earnings. Removes the 2-year service requirement for earning new benefits after a return to service as a SLEP. Makes these changes apply to persons in service on or after July 1, 2004. Also increases the additional employee contribution paid by SLEPs to 2.5% of salary. Eliminates the reduction in benefit imposed on a surviving spouse who is more than 5 years younger than the deceased member, for the surviving spouse of any member who dies on or after the effective date. Allows a SLEP to convert up to 10 years of non-SLEP service credit into SLEP credit by paying the difference in employee and employer contributions, plus interest. Makes the additional unfunded liability for all changes subject to a full 30-year amortization period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.Pension Note (Government Forecasting & Accountability) The Fund's actuaries have not yet determined the fiscal impact. Similar legislation in March 2004 would have increased accrued liabilities of the Fund by $36.2 Million and increased average annual costs by 1.18% of payroll when the benefit increases are calculated individually.House Amendment No. 3 Replaces everything after the enacting clause with the engrossed bill with the following changes: (i) allows the employer, by resolution or ordinance, to provide for amortization of the additional unfunded liability over a 35-year or 40-year period; (ii) increases the additional employee contribution paid by SLEPS to 3%; and (iii) removes the effective date provision. 2/24/2005SenateFiled with Secretary by Sen. Terry Link 2/24/2005SenateFirst Reading 2/24/2005SenateReferred to Rules 3/2/2005SenateAssigned to Pensions & Investments 3/9/2005SenateDo Pass Pensions & Investments; 010-000-000 3/9/2005SenatePlaced on Calendar Order of 2nd Reading March 10, 2005 3/11/2005SenatePension Note Filed from the Commission on Government Forecasting and Accountability. 3/14/2005SenateAdded as Chief Co-Sponsor Sen. John O. Jones 4/4/2005SenateAdded as Co-Sponsor Sen. Dan Rutherford 4/13/2005SenateSecond Reading 4/13/2005SenatePlaced on Calendar Order of 3rd Reading April 14, 2005 4/13/2005SenateAdded as Co-Sponsor Sen. Bill Brady 4/14/2005SenateAdded as Co-Sponsor Sen. Mike Jacobs 4/15/2005SenateThird Reading - Passed; 054-004-000 4/15/2005HouseArrived in House 4/15/2005HousePlaced on Calendar Order of First Reading 4/15/2005HouseChief House Sponsor Rep. Kurt M. Granberg 4/15/2005HouseFirst Reading 4/15/2005HouseReferred to Rules Committee 4/26/2005HouseAdded Alternate Chief Co-Sponsor Rep. Patrick J Verschoore 4/26/2005HouseAdded Alternate Chief Co-Sponsor Rep. Dan Brady 4/26/2005HouseAlternate Chief Co-Sponsor Changed to Rep. Patrick J Verschoore 4/26/2005HouseAlternate Chief Co-Sponsor Changed to Rep. Dan Brady 4/27/2005HouseAssigned to Executive Committee 4/28/2005HouseAdded Alternate Co-Sponsor Rep. Raymond Poe 4/28/2005HouseAdded Alternate Co-Sponsor Rep. Rich Brauer 4/28/2005HouseAdded Alternate Co-Sponsor Rep. Michael P. McAuliffe 5/13/2005HouseRule 19(a) / Re-referred to Rules Committee 5/19/2005HouseCommittee/Final Action Deadline Extended-9(b) May 31, 2005 5/19/2005HouseAssigned to Personnel and Pensions Committee 5/19/2005HouseMotion to Suspend Rule 25 - Prevailed 5/19/2005HouseDo Pass / Short Debate Personnel and Pensions Committee; 004-000-000 5/20/2005HousePlaced on Calendar 2nd Reading - Short Debate 5/20/2005HouseAlternate Chief Sponsor Changed to Rep. Michael J. Madigan 5/20/2005HouseAdded Alternate Chief Co-Sponsor Rep. Kurt M. Granberg 5/20/2005HouseAdded Alternate Chief Co-Sponsor Rep. Gary Hannig 5/20/2005HouseAdded Alternate Co-Sponsor Rep. William B. Black 5/20/2005HouseSecond Reading - Short Debate 5/20/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/23/2005HouseAdded Alternate Co-Sponsor Rep. Robert F. Flider 5/25/2005HouseAdded Alternate Co-Sponsor Rep. Art Tenhouse 5/25/2005HouseAlternate Co-Sponsor Removed Rep. Robert F. Flider 5/25/2005HouseRecalled to Second Reading - Short Debate 5/25/2005HouseHeld on Calendar Order of Second Reading - Short Debate 5/25/2005HouseHouse Amendment No. 1 Filed with Clerk by Rep. Michael J. Madigan 5/25/2005HouseHouse Amendment No. 1 Referred to Rules Committee 5/26/2005HouseHouse Amendment No. 1 Rules Refers to Personnel and Pensions Committee 5/26/2005HouseAlternate Chief Sponsor Changed to Rep. Kurt M. Granberg 5/26/2005HouseAlternate Chief Co-Sponsor Removed Rep. Kurt M. Granberg 5/27/2005HouseHouse Amendment No. 1 Recommends Be Adopted Personnel and Pensions Committee; 005-000-000 5/27/2005HouseAdded Alternate Chief Co-Sponsor Rep. Art Tenhouse 5/27/2005HouseAlternate Co-Sponsor Removed Rep. Art Tenhouse 5/28/2005HouseHouse Amendment No. 1 Lost 046-065-001 5/28/2005HouseHeld on Calendar Order of Second Reading - Short Debate 5/29/2005HouseHouse Amendment No. 1 Motion Filed to Reconsider Vote Rep. George Scully, Jr. 5/29/2005HouseHouse Amendment No. 2 Filed with Clerk by Rep. Gary Hannig 5/29/2005HouseHouse Amendment No. 2 Referred to Rules Committee 5/31/2005HouseRule 19(a) / Re-referred to Rules Committee 11/1/2005SenateAdded as Co-Sponsor Sen. Pamela J. Althoff 11/1/2005HouseFinal Action Deadline Extended-9(b) January 11, 2005 11/1/2005HouseApproved for Consideration Rules Committee; 005-000-000 11/1/2005HousePlaced on Calendar 2nd Reading - Short Debate 11/2/2005HouseHouse Amendment No. 3 Filed with Clerk by Rep. Gary Hannig 11/2/2005HouseHouse Amendment No. 3 Referred to Rules Committee 11/2/2005HouseHouse Amendment No. 3 Rules Refers to Personnel and Pensions Committee 11/3/2005HouseHouse Amendment No. 3 Recommends Be Adopted Personnel and Pensions Committee; 005-000-000 11/3/2005HouseAdded Alternate Co-Sponsor Rep. Jack D. Franks 11/3/2005HouseAdded Alternate Co-Sponsor Rep. Linda Chapa LaVia 11/3/2005HouseAdded Alternate Co-Sponsor Rep. Lou Lang 11/3/2005HouseHouse Amendment No. 3 Adopted by Voice Vote 11/3/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 11/3/2005House3/5 Vote Required 11/3/2005HouseThird Reading - Short Debate - Passed 106-009-000 11/3/2005SenateSecretary's Desk - Concurrence House Amendment(s) 03 11/3/2005SenatePlaced on Calendar Order of Concurrence House Amendment(s) 03-November 4, 2005 11/3/2005SenateHouse Amendment No. 3 Motion to Concur Filed with Secretary Sen. Terry Link 11/3/2005SenateHouse Amendment No. 3 Motion to Concur Referred to Rules 11/3/2005SenateHouse Amendment No. 3 Motion to Concur Referred to Pensions & Investments 11/4/2005SenateHouse Amendment No. 3 Motion To Concur Recommended Do Adopt Pensions & Investments; 006-000-000 11/4/2005SenateHouse Amendment No. 3 Senate Concurs 055-003-000 11/4/2005SenatePassed Both Houses 11/29/2005HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough 12/2/2005SenateSent to the Governor 12/9/2005SenateGovernor Approved 12/9/2005SenateEffective Date June 1, 2006 12/9/2005SenatePublic Act . . . . . . . . . 94-0712