Illinois General Assembly - Bill Status for SB2894

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Bill Status of SB2894 102nd General Assembly

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Short Description: PEN CD-SERS-ALTERNATE ANNUITY

Senate Sponsors
Sen. Terri Bryant

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/1-160

40 ILCS 5/14-110

from Ch. 108 1/2, par. 14-110

40 ILCS 5/14-152.1

Synopsis As Introduced
Amends the General Provisions and State Employee Articles of the Illinois Pension Code. Provides that the alternative retirement annuity under the State Employee Article applies to a security employee of the Department of Human Services subject to the Tier 2 provisions. Provides that a security employee of the Department of Human Services subject to the Tier 2 provisions may convert up to 8 years of service credit established before the effective date of the amendatory Act as a security employee of the Department of Human Services under the State Employee Article into eligible creditable service by filing a written election with the Board under that Article, accompanied by a specified payment. Excludes a benefit increase resulting from the amendatory Act from the definition of "new benefit increase". Effective immediately.

Actions

Date	Chamber	Action
4/19/2021	Senate	Filed with Secretary by Sen. Terri Bryant
4/19/2021	Senate	First Reading
4/19/2021	Senate	Referred to Assignments
1/10/2023	Senate	Session Sine Die

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