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| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 HB2136 Introduced 2/7/2023, by Rep. Blaine Wilhour 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 |
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Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System by members of the General Assembly to persons who become participants before January 1, 2024 and provides that, beginning on that date, the System shall not accept any new participants who are members of the General Assembly. Makes related changes. Effective immediately.
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| | A BILL FOR |
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| | HB2136 | | LRB103 05236 RPS 50254 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,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Pension Code is amended by |
5 | | changing Sections
2-101 and 2-105 as follows:
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6 | | (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
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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
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11 | | beneficiaries.
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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.
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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, 2024.
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20 | | Beginning on that date, the System shall not accept any new |
21 | | participants who are members of the General Assembly.
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22 | | (Source: P.A. 83-1440.)
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