102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2428
 
Introduced 2/19/2021, by Rep. Dave Vella
 
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
40 ILCS 5/2-107  from Ch. 108 1/2, par. 2-107

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



LRB102 09953 RPS 15271 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 


HB2428LRB102 09953 RPS 15271 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, 2-105, and 2-107 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 is
restricted to persons who became participants 
19before the effective date of this amendatory Act of the 102nd 
20General Assembly.
Beginning on that date, the System shall not 
21accept any new participants.


22(Source: P.A. 83-1440.)

 
 
 
HB2428- 2 -LRB102 09953 RPS 15271 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 person
shall not be deemed a member for the purposes 
20of this Article unless he or she
became a participant of the 
21System before the effective date of this amendatory Act of the 
22102nd General Assembly.


23(Source: P.A. 85-1008.)


 



24    (40 ILCS 5/2-107)  (from Ch. 108 1/2, par. 2-107)



25    Sec. 2-107. Participant. "Participant": Any member who 
 
 
HB2428- 3 -LRB102 09953 RPS 15271 b

1elects to
participate; and any former member who elects to 
2continue participation
under Section 2-117.1, for the duration 
3of such continued participation. However, notwithstanding any 
4other provision of this Article, a person
shall not be deemed a 
5participant for the purposes of this Article unless he or she

6became a participant of the System before the effective date 
7of this amendatory Act of the 102nd General Assembly.

8(Source: P.A. 86-1488.)


 
9    Section 99. Effective date. This Act takes effect upon 
10becoming law.