SB0183 - 104th General Assembly
PEN CD-SERS-ALTERNATE ANNUITY
Statutes Amended In Order of Appearance
40 ILCS 5/14-110from Ch. 108 1/2, par. 14-110
Synopsis As Introduced
Amends the General Provisions and State Employee Articles of the Illinois Pension Code. Provides that the alternative retirement annuity under the State Employee Article applies to a security employee of the Department of Human Services subject to the Tier 2 provisions. Provides that a security employee of the Department of Human Services subject to the Tier 2 provisions may convert up to 8 years of service credit established before the effective date of the amendatory Act as a security employee of the Department of Human Services under the State Employee Article into eligible creditable service by filing a written election with the Board under that Article, accompanied by a specified payment. Excludes a benefit increase resulting from the amendatory Act from the definition of "new benefit increase". Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/17/2025 | Senate | Filed with Secretary by Sen. Terri Bryant |
| 1/17/2025 | Senate | First Reading |
| 1/17/2025 | Senate | Referred to Assignments |