Synopsis As Introduced Amends the State Employee Article of the Illinois Pension Code. Makes certain sign hangers employed by the Department of Transportation eligible for the alternative (State Police) formula. Effective immediately.
Pension Note (Pension Laws Commission)
According to IDOT, there are fewer than 20 members of SERS who would be added to the alternative formula by HB 0373. Consequently, the fiscal impact has not been calculated, but is estimated to be minor.
House Committee Amendment No. 1 Adds highway construction supervisors to the list of IDOT personnel eligible for the alternative (State Police) retirement formula.
House Floor Amendment No. 3 Adds certain silkscreen operators to the list of IDOT personnel eligible for the alternative (State Police) retirement formula.