Bill Status of HB 5797   103rd General Assembly


Short Description:  PEN CD/GROUP INS-SURS SMP

House Sponsors
Rep. Lance Yednock and Stephanie A. Kifowit

Last Action  View All Actions

DateChamber Action
  4/2/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
5 ILCS 375/3from Ch. 127, par. 523
40 ILCS 5/15-132.2

Synopsis As Introduced
Amends the State Employees Group Insurance Act of 1971. Adds to the definition of "community college benefit recipient" a person who is receiving retirement income from a self-managed plan account under the State Universities Article of the Illinois Pension Code and who meets other requirements. Amends the State Universities Article of the Illinois Pension Code. In the definition of "retire" and "retirement", provides that a participant in the self-managed plan retires, and the participant's retirement begins, when the participant is eligible for retirement under the Article, and the Retirement System Reciprocal Act (Article 20 of the Code) if applicable, and the participant begins receiving retirement income from the participant's self-managed plan account.

Actions 
DateChamber Action
  4/1/2024HouseFiled with the Clerk by Rep. Lance Yednock
  4/2/2024HouseFirst Reading
  4/2/2024HouseReferred to Rules Committee
  5/9/2024HouseAdded Co-Sponsor Rep. Stephanie A. Kifowit

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