Illinois General Assembly - Full Text of SB2221
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Full Text of SB2221  102nd General Assembly

SB2221 102ND GENERAL ASSEMBLY


 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB2221

 

Introduced 2/26/2021, by Sen. Suzy Glowiak Hilton

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/2-101  from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105  from Ch. 108 1/2, par. 2-105

    Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System by members of the Senate to persons who become participants before the effective date of the amendatory Act and provides that, beginning on that date, the System shall not accept any new participants who are members of the Senate. Makes related changes. Effective immediately.


LRB102 14720 RPS 20073 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2221LRB102 14720 RPS 20073 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by
5changing Sections 2-101 and 2-105 as follows:
 
6    (40 ILCS 5/2-101)  (from Ch. 108 1/2, par. 2-101)
7    Sec. 2-101. Creation of system. A retirement system is
8created to provide retirement annuities, survivor's annuities
9and other benefits for certain members of the General
10Assembly, certain elected state officials, and their
11beneficiaries.
12    The system shall be known as the "General Assembly
13Retirement System". All its funds and property shall be a
14trust separate from all other entities, maintained for the
15purpose of securing payment of annuities and benefits under
16this Article.
17    Participation in the retirement system created under this
18Article by members of the Senate is restricted to persons who
19become participants before the effective date of this
20amendatory Act of the 102nd General Assembly. Beginning on
21that date, the System shall not accept any new participants
22who are members of the Senate.
23(Source: P.A. 83-1440.)
 

 

 

SB2221- 2 -LRB102 14720 RPS 20073 b

1    (40 ILCS 5/2-105)  (from Ch. 108 1/2, par. 2-105)
2    Sec. 2-105. Member. "Member": Members of the General
3Assembly of this State, including persons who enter military
4service while a member of the General Assembly, and any person
5serving as Governor, Lieutenant Governor, Secretary of State,
6Treasurer, Comptroller, or Attorney General for the period of
7service in such office.
8    Any person who has served for 10 or more years as Clerk or
9Assistant Clerk of the House of Representatives, Secretary or
10Assistant Secretary of the Senate, or any combination thereof,
11may elect to become a member of this system while thenceforth
12engaged in such service by filing a written election with the
13board. Any person so electing shall be deemed an active member
14of the General Assembly for the purpose of validating and
15transferring any service credits earned under any of the funds
16and systems established under Articles 3 through 18 of this
17Code.
18    However, notwithstanding any other provision of this
19Article, a member of the Senate shall not be deemed a member
20for the purposes of this Article unless he or she became a
21participant of the System before the effective date of this
22amendatory Act of the 102nd General Assembly.
23(Source: P.A. 85-1008.)
 
24    Section 99. Effective date. This Act takes effect upon
25becoming law.