SB2525 102ND GENERAL ASSEMBLY

LRB102 04383 RPS 14401 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB2525

Introduced 2/26/2021, by Sen. Donald P. DeWitte

SYNOPSIS AS INTRODUCED:

40 ILCS 5/2-101	from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105	from Ch. 108 1/2, par. 2-105
40 ILCS 5/2-107	from Ch. 108 1/2, par. 2-107
40 ILCS 5/18-101	from Ch. 108 1/2, par. 18-101
40 ILCS 5/18-108	from Ch. 108 1/2, par. 18-108
40 ILCS 5/18-109	from Ch. 108 1/2, par. 18-109
40 ILCS 5/18-110	from Ch. 108 1/2, par. 18-110

Amends the General Assembly and Judges Articles of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System and the Judges Retirement System of Illinois to persons who became participants before the effective date of the amendatory Act and provides that, beginning on that date, the System shall not accept any new participants. Makes related changes. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by changing Sections 2-101, 2-105, 2-107, 18-101, 18-108, 18-109, and 18-110 as follows:

(40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)

Sec. 2-101. Creation of system. A retirement system is created to provide retirement annuities, survivor's annuities and other benefits for certain members of the General Assembly, certain elected state officials, and their beneficiaries.

The system shall be known as the "General Assembly Retirement System". All its funds and property shall be a trust separate from all other entities, maintained for the purpose of securing payment of annuities and benefits under this Article.

Participation in the retirement system created under this Article is restricted to persons who became participants before the effective date of this amendatory Act of the 102nd General Assembly. Beginning on that date, the System shall not accept any new participants.

(Source: P.A. 83-1440.)

(40 ILCS 5/2-105) (from Ch. 108 1/2, par. 2-105)

Sec. 2-105. Member. "Member": Members of the General Assembly of this State, including persons who enter military service while a member of the General Assembly, and any person serving as Governor, Lieutenant Governor, Secretary of State, Treasurer, Comptroller, or Attorney General for the period of service in such office.

Any person who has served for 10 or more years as Clerk or Assistant Clerk of the House of Representatives, Secretary or Assistant Secretary of the Senate, or any combination thereof, may elect to become a member of this system while thenceforth engaged in such service by filing a written election with the board. Any person so electing shall be deemed an active member of the General Assembly for the purpose of validating and transferring any service credits earned under any of the funds and systems established under Articles 3 through 18 of this Code.

However, notwithstanding any other provision of this Article, a person shall not be deemed a member for the purposes of this Article unless he or she became a participant of the System before the effective date of this amendatory Act of the 102nd General Assembly.

(Source: P.A. 85-1008.)

(40 ILCS 5/2-107) (from Ch. 108 1/2, par. 2-107)

Sec. 2-107. Participant. "Participant": Any member who elects to participate; and any former member who elects to continue participation under Section 2-117.1, for the duration of such continued participation. However, notwithstanding any other provision of this Article, a person shall not be deemed a participant for the purposes of this Article unless he or she became a participant of the System before the effective date of this amendatory Act of the 102nd General Assembly.

(Source: P.A. 86-1488.)

(40 ILCS 5/18-101) (from Ch. 108 1/2, par. 18-101)

Sec. 18-101. Creation of fund. A retirement system is created to be known as the "Judges Retirement System of Illinois". It shall be a trust separate and distinct from all other entities, maintained for the purpose of securing the payment of annuities and benefits as prescribed herein.

Participation in the retirement system created under this Article is restricted to persons who became participants of the System before the effective date of this amendatory Act of the 102nd General Assembly. Beginning on that date, the System shall not accept any new participants.

(Source: Laws 1963, p. 161.)

(40 ILCS 5/18-108) (from Ch. 108 1/2, par. 18-108)

Sec. 18-108. Judge. "Judge": Any person who receives payment for personal services as a judge or associate judge of a court; and any person, previously a participant, who receives payment for personal services as the administrative director appointed by the Supreme Court.

However, notwithstanding any other provision of this Article, a person shall not be deemed a judge for the purposes of this Article unless he or she became a participant of the System before the effective date of this amendatory Act of the 102nd General Assembly.

(Source: P.A. 83-1440.)

(40 ILCS 5/18-109) (from Ch. 108 1/2, par. 18-109)

Sec. 18-109. Eligible judge. "Eligible judge": Any judge except one who has elected not to participate in this system.

However, notwithstanding any other provision of this Article, a person shall not be deemed an eligible judge for the purposes of this Article unless he or she became a participant of the System before the effective date of this amendatory Act of the 102nd General Assembly.

(Source: P.A. 83-1440.)

(40 ILCS 5/18-110) (from Ch. 108 1/2, par. 18-110)

Sec. 18-110. Participant. "Participant": Any judge participating in this system as specified in Sections 18-120 and 18-121.

However, notwithstanding any other provision of this Article, a person shall not be deemed a participant for the purposes of this Article unless he or she became a participant of the System before the effective date of this amendatory Act of the 102nd General Assembly.

(Source: P.A. 83-1440.)

Section 99. Effective date. This Act takes effect upon becoming law.