Bill Status of SB 3453   103rd General Assembly


Short Description:  PENCD-SURS&DNST POLICE-VARIOUS

Senate Sponsors
Sen. Robert F. Martwick

Last Action  View All Actions

DateChamber Action
  2/8/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/3-144.3 new
40 ILCS 5/15-135from Ch. 108 1/2, par. 15-135
40 ILCS 5/15-198
30 ILCS 805/8.48 new

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that the Retirement Systems Reciprocal Act (Article 20 of the Code) is adopted and made a part of the Downstate Police Article, but only with respect to a person who, on or after the effective date of the amendatory Act, is entitled under those Articles or through a participating system under the Retirement Systems Reciprocal Act to begin receiving a retirement annuity or survivor's annuity and who elects to proceed under the Retirement Systems Reciprocal Act. In the State Universities Article, provides that a Tier 2 member who has at least 20 years of service in the System as a police officer is entitled to a retirement annuity upon written application on or after the attainment of age 55 (instead of age 60) if a specified rule is applicable to the participant. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/8/2024SenateFiled with Secretary by Sen. Robert F. Martwick
  2/8/2024SenateFirst Reading
  2/8/2024SenateReferred to Assignments

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