Bill Status of SB 2106   102nd General Assembly

Short Description:  PENCD-BENEFIT DISTRIBUTION AGE

Senate Sponsors
Sen. Robert F. Martwick

Last Action  View All Actions

DateChamber Action
  1/10/2023SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-121.3from Ch. 108 1/2, par. 2-121.3
40 ILCS 5/7-141from Ch. 108 1/2, par. 7-141
40 ILCS 5/14-121.1from Ch. 108 1/2, par. 14-121.1
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
40 ILCS 5/18-128.3from Ch. 108 1/2, par. 18-128.3
30 ILCS 805/8.45 new

Synopsis As Introduced
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. 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.

Actions 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Robert F. Martwick
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/16/2021SenateAssigned to Pensions
  4/16/2021SenateRule 3-9(a) / Re-referred to Assignments
  1/10/2023SenateSession Sine Die

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