GA96SB2359 96 SB 2359 PEN CD-DNST POL-DROP PLAN Amends the Downstate Police Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a police officer who is at least age 50 with 20 years of service may continue in active service for up to 5 years while having his or her retirement pension paid into a special account, to be distributed to the police officer upon retirement. Bases the retirement pension on the police officer's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Effective immediately. http://www.ilga.gov/legislation/BillStatus.asp?DocNum=2359&GAID=10&DocTypeID=SB&LegId=47021&SessionID=76&GA=96 2010-02-25 00:00:00 Senate Tabled By Sponsor Sen. Kirk W. Dillard 1 4 2010-02-10 00:00:00 Senate Assigned to Pensions and Investments 0 3 SPAI 2009-02-27 00:00:00 Senate Referred to Assignments 0 2 SCOA 2009-02-27 00:00:00 Senate First Reading 1 1 2009-02-27 00:00:00 Senate Filed with Secretary by Sen. Kirk W. Dillard 0 0 KirkWDillard Senate Chief Sponsor