Illinois House Bill 3762 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-02-27 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. In the Downstate Firefighter and Downstate Police Articles, provides that a municipality may, by ordinance, assume local control of the municipality's police or firefighter's pension fund, with the power to change the terms of the plan. In the Illinois Municipal Retirement Fund (IMRF) Article, provides that a municipality may end its participation in IMRF and create its own municipal pension fund; specifies certain conditions and provides for transfer of certain contributions and liabilities from IMRF to the new municipal pension fund.

PENCD-LOCAL CONTROL

Rep. Thomas Morrison [R]

Date	Chamber	Action
2015-02-27	House	Referred to Rules Committee
2015-02-27	House	First Reading
2015-02-26	House	Filed with the Clerk by Rep. Thomas Morrison

Chapter	Article	Section	Citation Type	Statute Text
40	5	3-101	Amended Code	Citation Text
40	5	3-101.5	New Code	See Bill Text
40	5	3-150	Amended Code	Citation Text
40	5	4-101	Amended Code	Citation Text
40	5	4-101.5	New Code	See Bill Text
40	5	4-142	Amended Code	Citation Text
40	5	7-109	Amended Code	Citation Text
40	5	7-134.5	New Code	See Bill Text
40	5	7-210	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3762&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB3762.htm