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House Bill 1232
ARCHIVE (2007)
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  | DIGEST OF HB 1232 (Updated March 28, 2007 1:52 pm - DI 102) Pension relief fund distributions. Extends until January 1, 2011, additional distributions from the pension relief fund ensuring that at least 50% of the pension liability of each unit of local government is paid from the pension relief fund. Provides that a member of the public employees' retirement fund (PERF), previously employed by a state quasi-governmental entity not affiliated with PERF that is absorbed by a PERF affiliated entity, may purchase service credit at the full actuarial cost. (The introduced version of this bill was prepared by the pension management oversight commission.) |
Current Status:
  | In Committee - 2nd House |
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