Fall veto session update
Pension legislation did not affect IMRF
The main pension topic at issue was allowing an employee to continue participation in a public pension fund while he or she was on leave from the public employer.
While two bills addressing this topic passed, neither bill affected IMRF in any substantive manner.
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SB 512 does not apply to IMRF
"Tier 3" bill would apply only to state of Illinois and city of Chicago employees
Also discussed during the Veto Session was Senate Bill 512. This proposed legislation, which would create a three-tiered retirement system for certain employees of the state of Illinois and the city of Chicago, does not apply to IMRF members or retirees.
The House of Representatives Personnel and Pensions Committee approved the bill by a 5-4 vote. The bill was not called for a vote in the full House and it is unclear whether the bill will be called for a vote before the 2011 Veto Session ends.
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Fall veto session to continue
97th General Assembly
The legislature will return to Springfield on November 29th for additional session days, although they were originally scheduled to adjourn for the year on November 10th.
We will update you with an additional email on any pension legislation at adjournment of the session.
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