SB3177: PEN CD-CHI FIRE-REFUNDS

Legislative Summary

Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that a fireman who withdraws before age 50 and a fireman with less than 10 years of service who withdraws before age 57 (instead of a fireman who withdraws with less than 10 years of service), or any fireman who withdraws and enters the service of another department of the city, has a right to a refund of the entire amount to his credit as of the date of withdrawal. Provides that the changes made by the amendatory Act are intended to be a restatement and clarification of existing law and are intended to be retroactive to August 6, 2021. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.