Illinois General Assembly - Bill Status for HB5343
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 Bill Status of HB5343  102nd General Assembly


Short Description:  PENCD-SERS-TIER 2 STATE POLICE

House Sponsors
Rep. Frances Ann Hurley - Elizabeth Hernandez and Katie Stuart

Last Action
DateChamber Action
  1/31/2022HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
40 ILCS 5/1-160
40 ILCS 5/14-152.1


Synopsis As Introduced
Amends the Illinois Pension Code. Provides that a State policeman under the Tier 2 provisions is entitled to an annuity calculated under the alternative retirement formula, in lieu of the regular or minimum retirement annuity, only if the person has withdrawn from service with not less than 20 years of eligible creditable service and has attained age 55 (instead of age 60), regardless of whether the attainment of age 55 (instead of age 60) occurs while the person is still in service. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.

Actions 
DateChamber Action
  1/28/2022HouseFiled with the Clerk by Rep. Frances Ann Hurley
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee
  2/1/2022HouseAdded Co-Sponsor Rep. Katie Stuart
  3/1/2022HouseAdded Chief Co-Sponsor Rep. Elizabeth Hernandez

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