101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
SB1810

 

Introduced 2/15/2019, by Sen. Suzy Glowiak

 

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

    Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System by members of the Senate to persons who become participants before the effective date of the Act and provides that, beginning on that date, the System shall not accept any new participants who are members of the Senate. Makes related changes. Effective immediately.


LRB101 10905 RPS 56052 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1810LRB101 10905 RPS 56052 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Sections 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
8created to provide retirement annuities, survivor's annuities
9and other benefits for certain members of the General Assembly,
10certain elected state officials, and their beneficiaries.
11    The system shall be known as the "General Assembly
12Retirement System". All its funds and property shall be a trust
13separate from all other entities, maintained for the purpose of
14securing payment of annuities and benefits under this Article.
15    Participation in the retirement system created under this
16Article by members of the Senate is restricted to persons who
17become participants before the effective date of this
18amendatory Act of the 101st General Assembly. Beginning on that
19date, the System shall not accept any new participants who are
20members of the Senate.
21(Source: P.A. 83-1440.)
 
22    (40 ILCS 5/2-105)  (from Ch. 108 1/2, par. 2-105)

 

 

SB1810- 2 -LRB101 10905 RPS 56052 b

1    Sec. 2-105. Member. "Member": Members of the General
2Assembly of this State, including persons who enter military
3service while a member of the General Assembly, and any person
4serving as Governor, Lieutenant Governor, Secretary of State,
5Treasurer, Comptroller, or Attorney General for the period of
6service in such office.
7    Any person who has served for 10 or more years as Clerk or
8Assistant Clerk of the House of Representatives, Secretary or
9Assistant Secretary of the Senate, or any combination thereof,
10may elect to become a member of this system while thenceforth
11engaged in such service by filing a written election with the
12board. Any person so electing shall be deemed an active member
13of the General Assembly for the purpose of validating and
14transferring any service credits earned under any of the funds
15and systems established under Articles 3 through 18 of this
16Code.
17    However, notwithstanding any other provision of this
18Article, a member of the Senate shall not be deemed a member
19for the purposes of this Article unless he or she became a
20participant of the System before the effective date of this
21amendatory Act of the 101st General Assembly.
22(Source: P.A. 85-1008.)
 
23    Section 99. Effective date. This Act takes effect upon
24becoming law.