Full Text of SB2678 103rd General Assembly
SB2678 103RD GENERAL ASSEMBLY | | | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 SB2678 Introduced 1/10/2024, by Sen. Meg Loughran Cappel SYNOPSIS AS INTRODUCED: | | 40 ILCS 5/3-144.3 new | | 40 ILCS 5/4-138.15 new | | 40 ILCS 5/5-240 new | | 40 ILCS 5/6-235 new | |
| Amends the Illinois Pension Code. Provides that the Retirement Systems Reciprocal Act (Article 20 of the Code) is adopted and made a part of the Downstate Police, Downstate Firefighter, Chicago Police, and Chicago Firefighter Articles, but only with respect to a person who, on or after the effective date of the amendatory Act, is entitled under those Articles or through a participating system under the Retirement Systems Reciprocal Act to begin receiving a retirement annuity or survivor's annuity and who elects to proceed under the Retirement Systems Reciprocal Act. |
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| | A BILL FOR |
| | | | SB2678 | | LRB103 35900 RPS 65985 b |
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| 1 | | AN ACT concerning public employee benefits. | 2 | | Be it enacted by the People of the State of Illinois, | 3 | | represented in the General Assembly: | 4 | | Section 5. The Illinois Pension Code is amended by adding | 5 | | Sections 3-144.3, 4-138.15, 5-240, and 6-235 as follows: | 6 | | (40 ILCS 5/3-144.3 new) | 7 | | Sec. 3-144.3. Retirement Systems Reciprocal Act. The | 8 | | Retirement Systems Reciprocal Act, Article 20 of this Code, is | 9 | | adopted and made a part of this Article, but only with respect | 10 | | to a person who, on or after the effective date of this | 11 | | amendatory Act of the 103rd General Assembly, is entitled | 12 | | under this Article or through a participating system under the | 13 | | Retirement Systems Reciprocal Act, as defined in Section | 14 | | 20-108, to begin receiving a retirement annuity or survivor's | 15 | | annuity (as those terms are defined in Article 20) and who | 16 | | elects to proceed under the Retirement Systems Reciprocal Act. | 17 | | (40 ILCS 5/4-138.15 new) | 18 | | Sec. 4-138.15. Retirement Systems Reciprocal Act. The | 19 | | Retirement Systems Reciprocal Act, Article 20 of this Code, is | 20 | | adopted and made a part of this Article, but only with respect | 21 | | to a person who, on or after the effective date of this | 22 | | amendatory Act of the 103rd General Assembly, is entitled |
| | | SB2678 | - 2 - | LRB103 35900 RPS 65985 b |
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| 1 | | under this Article or through a participating system under the | 2 | | Retirement Systems Reciprocal Act, as defined in Section | 3 | | 20-108, to begin receiving a retirement annuity or survivor's | 4 | | annuity (as those terms are defined in Article 20) and who | 5 | | elects to proceed under the Retirement Systems Reciprocal Act. | 6 | | (40 ILCS 5/5-240 new) | 7 | | Sec. 5-240. Retirement Systems Reciprocal Act. The | 8 | | Retirement Systems Reciprocal Act, Article 20 of this Code, is | 9 | | adopted and made a part of this Article, but only with respect | 10 | | to a person who, on or after the effective date of this | 11 | | amendatory Act of the 103rd General Assembly, is entitled | 12 | | under this Article or through a participating system under the | 13 | | Retirement Systems Reciprocal Act, as defined in Section | 14 | | 20-108, to begin receiving a retirement annuity or survivor's | 15 | | annuity (as those terms are defined in Article 20) and who | 16 | | elects to proceed under the Retirement Systems Reciprocal Act. | 17 | | (40 ILCS 5/6-235 new) | 18 | | Sec. 6-235. Retirement Systems Reciprocal Act. The | 19 | | Retirement Systems Reciprocal Act, Article 20 of this Code, is | 20 | | adopted and made a part of this Article, but only with respect | 21 | | to a person who, on or after the effective date of this | 22 | | amendatory Act of the 103rd General Assembly, is entitled | 23 | | under this Article or through a participating system under the | 24 | | Retirement Systems Reciprocal Act, as defined in Section |
| | | SB2678 | - 3 - | LRB103 35900 RPS 65985 b |
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| 1 | | 20-108, to begin receiving a retirement annuity or survivor's | 2 | | annuity (as those terms are defined in Article 20) and who | 3 | | elects to proceed under the Retirement Systems Reciprocal Act. |
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