Illinois General Assembly - Bill Status for HB2332
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 Bill Status of HB2332  104th General Assembly


Short Description:  PEN CD-SURS-TIER 2 RETIREMENT

House Sponsors
Rep. Katie Stuart

Last Action
DateChamber Action
  3/5/2025HousePlaced on Calendar 2nd Reading - Short Debate

Statutes Amended In Order of Appearance
40 ILCS 5/15-135from Ch. 108 1/2, par. 15-135
40 ILCS 5/15-198


Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Provides that a Tier 2 member who has at least 20 years of service in this system as a police officer or firefighter is entitled to a retirement annuity upon written application on or after the attainment of age 55 (instead of age 60) if a specified rule is applicable to the participant. Provides that the changes apply retroactively to January 1, 2011. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase".

Actions 
DateChamber Action
  1/30/2025HouseFiled with the Clerk by Rep. Katie Stuart
  2/4/2025HouseFirst Reading
  2/4/2025HouseReferred to Rules Committee
  2/25/2025HouseAssigned to Appropriations-Pensions & Personnel
  3/5/2025HouseDo Pass / Short Debate Appropriations-Pensions & Personnel; 010-001-000
  3/5/2025HousePlaced on Calendar 2nd Reading - Short Debate
  3/12/2025HouseFiscal Note Requested by Rep. Steven Reick

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