PEN CD-DNST POLICE TRANSFER
Allows eligible downstate firefighters to transfer up to 8 years of police service into the firefighters’ pension fund within a 6-month window, with specified payment and eligibili
Allows eligible downstate firefighters to transfer up to 8 years of police service into the firefighters’ pension fund within a 6-month window, with specified payment and eligibili
Note: The file submitted also contained unrelated Arizona unclaimed‑property language for an Arizona HB 2443. This summary covers the Illinois HB 2443 (Introduced by Rep. Dan Ugaste), which concerns transfers of creditable service between downstate police and firefighters' pension funds.
Allow certain active members of Article 4 (downstate) firefighters' pension funds to transfer up to 8 years of prior creditable service that was accumulated in a downstate police pension fund (administered by a unit of local government) into the firefighters' fund, subject to eligibility rules and a limited application window.
If you want, I can: (1) draft a concise one‑page explainer for affected members, (2) outline steps a pension fund must take to implement transfers, or (3) analyze likely actuarial impacts on a hypothetical small municipal fund.
Compiled from official sources — confirm details with the bill’s official record.
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