Illinois General Assembly - Bill Status for SB2533
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 Bill Status of SB2533  101st General Assembly

Short Description:  PEN CD-IMRF-TIER 2

Senate Sponsors
Sen. Cristina Castro

Last Action
DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-160
40 ILCS 5/7-109.4 new
40 ILCS 5/7-109.5 new
40 ILCS 5/7-114from Ch. 108 1/2, par. 7-114
40 ILCS 5/7-116from Ch. 108 1/2, par. 7-116
40 ILCS 5/7-141from Ch. 108 1/2, par. 7-141
40 ILCS 5/7-141.1
40 ILCS 5/7-142from Ch. 108 1/2, par. 7-142
40 ILCS 5/7-144from Ch. 108 1/2, par. 7-144
40 ILCS 5/7-156from Ch. 108 1/2, par. 7-156
30 ILCS 805/8.44 new


Synopsis As Introduced
Amends the General Provisions and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Except for persons who elected to establish certain alternative credits, moves provisions concerning Tier 2 members of IMRF from the General Provisions Article to the IMRF Article. Defines Tier 1 regular employee and Tier 2 regular employee. Provides that the increase to the retirement annuity of a Tier 1 regular employee shall be computed from the effective date of the retirement annuity, the first increase being 0.25% (instead of .167%) of the monthly amount times the number of months from the effective date to January 1. Provides that if the employee was a Tier 1 regular employee, the surviving spouse annuity shall be increased by an amount equal to (i) 3% of the original amount thereof if the deceased employee was receiving a retirement annuity at the time of his or her death; otherwise (ii) 0.25% (instead of 0.167%) of the original amount thereof for each complete month that has elapsed since the date the annuity began. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  1/28/2020SenateFiled with Secretary by Sen. Cristina Castro
  1/28/2020SenateFirst Reading
  1/28/2020SenateReferred to Assignments
  2/4/2020SenateAssigned to Government Accountability and Ethics
  2/19/2020SenateDo Pass Government Accountability and Ethics; 012-000-000
  2/19/2020SenatePlaced on Calendar Order of 2nd Reading February 20, 2020
  2/25/2020SenateSecond Reading
  2/25/2020SenatePlaced on Calendar Order of 3rd Reading February 26, 2020
  3/25/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
  4/12/2020SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
  4/23/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
  4/30/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
  5/7/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
  5/15/2020SenateRule 2-10 Third Reading/Passage Deadline Established As May 31, 2020
  1/13/2021SenateSession Sine Die

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