Recent Public Acts signed into law: P. A. 97-0429 and P. A. 97-0415
August 31, 2011
On August 16, 2011, the governor signed Senate Bill 2149 (Public Act 97-0429) and House Bill 3334 (Public Act 97-0415) into law.
Executive Summary
- Public Act 97-0415: Removes two-year limit to apply for a Benefit Protection Leave
- Public Act 97-0429: Adds non-certified employees of school Finance Oversight Panels to the list of participating employees in IMRF.
The new provisions are explained below.
Public Act 97-0415
Removes two-year limit to apply for a Benefit Protection Leave
Effective date: August 16, 2011
Applies to all active members
Old law: Members who take an authorized IMRF Benefit Protection Leave may receive service credit for up to a maximum of 12 months over their entire career, provided they pay the IMRF member contributions plus applicable interest, and the governing body adopts an authorizing resolution.
To establish the credits, the member must submit IMRF Form 6.32, IMRF Benefit Protection Leave, before, during or up to two years after the leave period, provided the member is still employed in an IMRF covered position by the same governmental unit.
New law: Removes the two-year time limit to submit an application for an IMRF Benefit Protection Leave. Members can submit the application before, during, or anytime after the leave period, provided the member is still employed in an IMRF covered position.
Public Act 97-0429
Adds non-certified employees of school Finance Oversight Panels to the list of participating employees in IMRF
Effective date: August 16, 2011
Applies to members described below
Old law: Not applicable
New law: Adds non-certified employees of school Finance Oversight Panels to the list of participating employees in IMRF. Requires the school districts served by the panel to be responsible for any liability that remains after a Panel is dissolved.
Questions?
If you have any questions regarding the information presented in this memorandum, please send us a secure electronic message or call an IMRF Member Services Representative at 1-800-ASK-IMRF (1-800-275-4673), 7:30 a.m. to 5:30 p.m., Monday through Friday.