HB2849 102ND GENERAL ASSEMBLY

LRB102 10866 RPS 16196 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2849

Introduced 2/19/2021, by Rep. Blaine Wilhour

SYNOPSIS AS INTRODUCED:

40 ILCS 5/1-155 new

Amends the General Provisions Article of the Illinois Pension Code. Provides that beginning on the effective date of the amendatory Act, the minimum age at which a person is eligible to receive a retirement annuity or pension under any Article of the Code shall be increased by one year and, beginning 5 years after the effective date of the amendatory Act, the minimum age at which a person is eligible to receive a retirement annuity or pension under any Article of the Code shall be increased by one additional year. Effective immediately.

FISCAL NOTE ACT MAY APPLY

PENSION IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by adding Section 1-155 as follows:

(40 ILCS 5/1-155 new)

Sec. 1-155. Retirement age; increase. Notwithstanding any other provision of law, beginning on the effective date of this amendatory Act of the 102nd General Assembly, the minimum age at which a person is eligible to receive a retirement annuity or pension under any Article of this Code shall be increased by one year and, beginning 5 years after the effective date of this amendatory Act of the 102nd General Assembly, shall be increased by one additional year.

Section 99. Effective date. This Act takes effect upon becoming law.