IMRF TO ARTICLE 3 – TRANSFER

Session: 102nd General Assembly
Year: 2021
Bill #: SB3785
Category:
Position: No position
Mandate?
Revenue Loss?
Authority Preemption?

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Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that within 6 months after the effective date of the amendatory Act, a person may transfer to a fund established under the Downstate Police Article creditable service accumulated under IMRF for service as a county correctional officer upon payment to the police pension fund of a specified amount to be determined by the board.



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