Bill Status of SB 1307   103rd General Assembly


Short Description:  PEN CD-SERS-ALTERNATE ANNUITY

Senate Sponsors
Sen. Michael W. Halpin

Last Action  View All Actions

DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/1-160
40 ILCS 5/14-110from Ch. 108 1/2, par. 14-110
40 ILCS 5/14-152.1

Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Provides that the alternative retirement annuity provisions apply to a Tier 2 State highway maintenance worker. Authorizes a Tier 2 State highway maintenance worker to convert up to 8 years of certain service credit established before the effective date of the amendatory Act into eligible creditable service under the alternative retirement annuity provisions upon application and payment of a specified contribution. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase".

Actions 
DateChamber Action
  2/3/2023SenateFiled with Secretary by Sen. Michael W. Halpin
  2/3/2023SenateFirst Reading
  2/3/2023SenateReferred to Assignments
  2/14/2023SenateAssigned to Senate Special Committee on Pensions
  2/22/2023SenateTo Subcommittee on Pensions Special Issues
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

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