Illinois General Assembly - Bill Status for HB5261
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 Bill Status of HB5261  103rd General Assembly

Short Description:  PEN CD-SERS-ALT ANNUITY

House Sponsors
Rep. Martin J. Moylan - Stephanie A. Kifowit

Senate Sponsors
(Sen. Meg Loughran Cappel)

Last Action
DateChamber Action
  4/19/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/14-110from Ch. 108 1/2, par. 14-110
40 ILCS 5/14-152.1


Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Includes persons employed on a full-time basis by the Illinois Department of Transportation in the positions of sign hanger and sign hanger foreman in the definition of "State highway maintenance worker". Provides that a person who is employed on a full-time basis by the Illinois Department of Transportation in the position of sign hanger or sign hanger foreman may elect to convert service credit earned to eligible creditable service under the alternative annuity formula by filing a written election with the Board and paying a specified amount to the System. 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
  2/8/2024HouseFiled with the Clerk by Rep. Martin J. Moylan
  2/9/2024HouseFirst Reading
  2/9/2024HouseReferred to Rules Committee
  3/5/2024HouseAssigned to Personnel & Pensions Committee
  3/22/2024HouseDo Pass / Short Debate Personnel & Pensions Committee; 010-001-000
  3/22/2024HousePlaced on Calendar 2nd Reading - Short Debate
  4/11/2024HouseSecond Reading - Short Debate
  4/11/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/17/2024HouseAdded Chief Co-Sponsor Rep. Stephanie A. Kifowit
  4/17/2024HouseThird Reading - Short Debate - Passed 104-003-000
  4/18/2024SenateArrive in Senate
  4/18/2024SenatePlaced on Calendar Order of First Reading April 30, 2024
  4/19/2024SenateChief Senate Sponsor Sen. Meg Loughran Cappel
  4/19/2024SenateFirst Reading
  4/19/2024SenateReferred to Assignments

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