Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

5 ILCS 375/3

from Ch. 127, par. 523

5 ILCS 375/10

from Ch. 127, par. 530

40 ILCS 5/1-160

40 ILCS 5/1-161

40 ILCS 5/2-105.3 new

40 ILCS 5/2-162

40 ILCS 5/2-165.5 new

40 ILCS 5/14-103.41

40 ILCS 5/14-152.1

40 ILCS 5/14-155.5 new

40 ILCS 5/15-108.1

40 ILCS 5/15-108.2

40 ILCS 5/15-108.3 new

40 ILCS 5/15-198

40 ILCS 5/15-200.5 new

40 ILCS 5/16-106.41

40 ILCS 5/16-203

40 ILCS 5/16-205.5 new

40 ILCS 5/18-110.1 new

40 ILCS 5/18-121.5 new

40 ILCS 5/18-124

from Ch. 108 1/2, par. 18-124

40 ILCS 5/18-125

from Ch. 108 1/2, par. 18-125

40 ILCS 5/18-125.1

from Ch. 108 1/2, par. 18-125.1

40 ILCS 5/18-127

from Ch. 108 1/2, par. 18-127

40 ILCS 5/18-128.01

from Ch. 108 1/2, par. 18-128.01

40 ILCS 5/18-133

from Ch. 108 1/2, par. 18-133

40 ILCS 5/18-169

40 ILCS 5/20-121

from Ch. 108 1/2, par. 20-121

40 ILCS 5/20-123

from Ch. 108 1/2, par. 20-123

40 ILCS 5/20-124

from Ch. 108 1/2, par. 20-124

40 ILCS 5/20-125

from Ch. 108 1/2, par. 20-125

Synopsis As Introduced
Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Requires each System to prepare and implement a defined contribution plan by July 1, 2023 that aggregates State and employee contributions in individual participant accounts that are used for payouts after retirement. Provides that a Tier 1 or Tier 2 participant may irrevocably elect to participate in the defined contribution plan instead of the defined benefit plan and may also elect to terminate all participation in the defined benefit plan and to have a specified amount credited to his or her account under the defined contribution plan. Makes related changes in the State Employees Group Insurance Act of 1971. Effective immediately.

Actions 

Date	Chamber	Action
2/26/2021	Senate	Filed with Secretary by Sen. Craig Wilcox
2/26/2021	Senate	First Reading
2/26/2021	Senate	Referred to Assignments
3/23/2021	Senate	Assigned to Pensions
4/16/2021	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2023	Senate	Session Sine Die

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