Bill Status of SB 2795   101st General Assembly

Short Description:  PENCD-BENEFIT DISTRIBUTION AGE

Senate Sponsors
Sen. Robert F. Martwick

House Sponsors
(Rep. Michael J. Zalewski)


Last Action  View All Actions

DateChamber Action
  1/13/2021SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/7-141from Ch. 108 1/2, par. 7-141
40 ILCS 5/15-135from Ch. 108 1/2, par. 15-135
40 ILCS 5/16-142.3from Ch. 108 1/2, par. 16-142.3
30 ILCS 805/8.44 new

Synopsis As Introduced
Amends the Illinois Pension Code. In the Illinois Municipal Retirement Fund (IMRF) Article, provides that retirement annuities shall be payable upon attainment of the required age of distribution under a specified provision of the Internal Revenue Code of 1986 (instead of age 70 1/2). In the State Universities Article, provides that if a participant is not an employee of an employer participating in the System or in a reciprocal system on April 1 of the calendar year next following the calendar year in which the participant attains the age specified under a provision of the Internal Revenue Code of 1986 (instead of the age of 70 1/2), the annuity payment period shall begin on that date. In a provision of the Downstate Teacher Article concerning the required distribution of monthly survivor benefits for certain persons, provides that the distribution shall become payable on certain dates or December 1 of the calendar year in which the deceased member or annuitant would have attained age 72 (instead of 70 1/2), whichever occurs latest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Senate Committee Amendment No. 1
Adds reference to:
40 ILCS 5/2-121.3from Ch. 108 1/2, par. 2-121.3
40 ILCS 5/14-121.1from Ch. 108 1/2, par. 14-121.1
40 ILCS 5/18-128.3from Ch. 108 1/2, par. 18-128.3

Further amends the Illinois Pension Code. In the General Assembly, State Employee, and Judges Articles, provides that certain survivors' and widows' annuities shall become payable on a specified date or December 1 of the calendar year in which the deceased spouse would have attained age 72 (instead of 70 1/2), whichever occurs last.

Actions 
DateChamber Action
  2/4/2020SenateFiled with Secretary by Sen. Robert F. Martwick
  2/4/2020SenateFirst Reading
  2/4/2020SenateReferred to Assignments
  2/11/2020SenateAssigned to Government Accountability and Ethics
  2/19/2020SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
  2/19/2020SenateSenate Committee Amendment No. 1 Referred to Assignments
  2/19/2020SenatePostponed - Government Accountability and Ethics
  2/20/2020SenateSenate Committee Amendment No. 1 Assignments Refers to Government Accountability and Ethics
  2/26/2020SenateSenate Committee Amendment No. 1 Adopted
  2/26/2020SenateDo Pass as Amended Government Accountability and Ethics; 009-000-000
  2/26/2020SenatePlaced on Calendar Order of 2nd Reading February 27, 2020
  2/27/2020SenateSecond Reading
  2/27/2020SenatePlaced on Calendar Order of 3rd Reading March 3, 2020
  3/4/2020SenateThird Reading - Passed; 056-000-000
  3/4/2020HouseArrived in House
  6/22/2020HouseChief House Sponsor Rep. Michael J. Zalewski
  1/8/2021HouseFirst Reading
  1/8/2021HouseReferred to Rules Committee
  1/13/2021SenateSession Sine Die

Back To Top