Synopsis As Introduced Amends the IMRF Article of the Illinois Pension Code. Provides that a person who becomes an employee after attaining age 65 may elect not to participate in the Fund for that employment. Provides for continuation of the employee's retirement annuity despite that employment. Effective immediately.
Pension Note (Commission on Gov't Forecasting and Accountability)
Senate Bill 305 allows any person becoming an employee after attaining age 65 to opt out of the Fund and has no fiscal impact.