102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2846
 
Introduced 2/19/2021, by Rep. Blaine Wilhour
 
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

    Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System by members of the General Assembly to persons who become participants before January 1, 2022 and provides that, beginning on that date, the System shall not accept any new participants  who are members of the General Assembly. Makes related changes. Effective immediately.



LRB102 10863 RPS 16193 b

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


HB2846LRB102 10863 RPS 16193 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 and 2-105 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 by members of the General Assembly is
restricted to 
19persons who become participants before January 1, 2022.

20Beginning on that date, the System shall not accept any new 
21participants who are members of the General Assembly.


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

 
 
 
HB2846- 2 -LRB102 10863 RPS 16193 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 member of the General Assembly
shall not be deemed a 
20member for the purposes of this Article unless he or she
became 
21a participant of the System before January 1, 2022.


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


 

23    Section 99. Effective date. This Act takes effect upon 
24becoming law.