HB3122 - 104th General Assembly
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| 1 | AN ACT concerning public employee benefits. | |||||||||||||||||||||
| 2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||||
| 3 | represented in the General Assembly: | |||||||||||||||||||||
| 4 | Section 5. The Illinois Pension Code is amended by | |||||||||||||||||||||
| 5 | changing Sections 2-101 and 2-105 as follows: | |||||||||||||||||||||
| 6 | (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101) | |||||||||||||||||||||
| 7 | Sec. 2-101. Creation of system. A retirement system is | |||||||||||||||||||||
| 8 | created to provide retirement annuities, survivor's annuities | |||||||||||||||||||||
| 9 | and other benefits for certain members of the General | |||||||||||||||||||||
| 10 | Assembly, certain elected state officials, and their | |||||||||||||||||||||
| 11 | beneficiaries. | |||||||||||||||||||||
| 12 | The system shall be known as the "General Assembly | |||||||||||||||||||||
| 13 | Retirement System". All its funds and property shall be a | |||||||||||||||||||||
| 14 | trust separate from all other entities, maintained for the | |||||||||||||||||||||
| 15 | purpose of securing payment of annuities and benefits under | |||||||||||||||||||||
| 16 | this Article. | |||||||||||||||||||||
| 17 | Participation in the retirement system created under this | |||||||||||||||||||||
| 18 | Article by members of the General Assembly is restricted to | |||||||||||||||||||||
| 19 | persons who become participants before January 1, 2026. | |||||||||||||||||||||
| 20 | Beginning on that date, the System shall not accept any new | |||||||||||||||||||||
| 21 | participants who are members of the General Assembly. | |||||||||||||||||||||
| 22 | (Source: P.A. 83-1440.) | |||||||||||||||||||||
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| 1 | (40 ILCS 5/2-105) (from Ch. 108 1/2, par. 2-105) | ||||||
| 2 | Sec. 2-105. Member. "Member": Members of the General | ||||||
| 3 | Assembly of this State, including persons who enter military | ||||||
| 4 | service while a member of the General Assembly, and any person | ||||||
| 5 | serving as Governor, Lieutenant Governor, Secretary of State, | ||||||
| 6 | Treasurer, Comptroller, or Attorney General for the period of | ||||||
| 7 | service in such office. | ||||||
| 8 | Any person who has served for 10 or more years as Clerk or | ||||||
| 9 | Assistant Clerk of the House of Representatives, Secretary or | ||||||
| 10 | Assistant Secretary of the Senate, or any combination thereof, | ||||||
| 11 | may elect to become a member of this system while thenceforth | ||||||
| 12 | engaged in such service by filing a written election with the | ||||||
| 13 | board. Any person so electing shall be deemed an active member | ||||||
| 14 | of the General Assembly for the purpose of validating and | ||||||
| 15 | transferring any service credits earned under any of the funds | ||||||
| 16 | and systems established under Articles 3 through 18 of this | ||||||
| 17 | Code. | ||||||
| 18 | However, notwithstanding any other provision of this | ||||||
| 19 | Article, a member of the General Assembly shall not be deemed a | ||||||
| 20 | member for the purposes of this Article unless he or she became | ||||||
| 21 | a participant of the System before January 1, 2026. | ||||||
| 22 | (Source: P.A. 85-1008.) | ||||||
| 23 | Section 99. Effective date. This Act takes effect upon | ||||||
| 24 | becoming law. | ||||||
