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| | 104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB5134 Introduced 2/10/2026, by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
| | | Amends the State Universities Article of the Illinois Pension Code. Provides that "stakeholder" includes any organization that is a nonprofit organization that represents or serves at least 10% of either participants or annuitants of the System and whose primary purpose is as a membership organization serving either participants, annuitants, or both. Provides that the Board of Trustees of the System shall make an annual report available to stakeholders that includes a list of: (1) the name of each annuitant, the annuitant's last employer, and the zip code associated with the annuitant's address on file; and (2) the name of each active participant, the participant's current employer, and a zip code associated with the participant's address on file. Requires the report to be delivered electronically to stakeholders on August 1 of each year. |
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| | A BILL FOR |
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| | HB5134 | | LRB104 18618 RPS 32061 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Section 15-177.7 as follows:
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| 6 | | (40 ILCS 5/15-177.7 new) |
| 7 | | Sec. 15-177.7. Annual report to stakeholders. |
| 8 | | (a) In this Section, "stakeholder" includes any |
| 9 | | organization that is a nonprofit organization that represents |
| 10 | | or serves at least 10% of either participants or annuitants of |
| 11 | | the System and whose primary purpose is as a membership |
| 12 | | organization serving either participants, annuitants, or both. |
| 13 | | (b) The Board shall make an annual report available to |
| 14 | | stakeholders that includes a list of: (1) the name of each |
| 15 | | annuitant, the annuitant's last employer, and the zip code |
| 16 | | associated with the annuitant's address on file; and (2) the |
| 17 | | name of each active participant, the participant's current |
| 18 | | employer, and a zip code associated with the participant's |
| 19 | | address on file. The report shall be delivered electronically |
| 20 | | to stakeholders on August 1 of each year. |