Illinois HB3757 allows active members to transfer up to 8 years of creditable service from a firefighter pension fund to a police pension fund.
HB3757 amends the Illinois Pension Code to allow active members of a downstate police pension fund to transfer up to 8 years of creditable service from a firefighter pension fund to a police pension fund. This transfer can occur within six months of the bill's effective date, provided the member was not subject to disciplinary action when they terminated employment with the firefighter pension fund. The transfer requires payment to the police pension fund of a specified amount, including employee and employer contributions and interest.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.