Bill Status of SB 3988   103rd General Assembly

Short Description:  PEN CD-TIER 2 BENEFITS

Senate Sponsors
Sen. Robert F. Martwick-Robert Peters, Michael W. Halpin-David Koehler, Adriane Johnson, Karina Villa, Meg Loughran Cappel, Rachel Ventura and Mary Edly-Allen

Last Action  View All Actions

DateChamber Action
  11/12/2024SenateReferred to Assignments

Statutes Amended In Order of Appearance
40 ILCS 5/1-160
40 ILCS 5/1-163 new
40 ILCS 5/2-108.1from Ch. 108 1/2, par. 2-108.1
40 ILCS 5/3-153 new
40 ILCS 5/4-145 new
40 ILCS 5/5-239 new
40 ILCS 5/6-231 new
40 ILCS 5/7-226 new
40 ILCS 5/8-251.5 new
40 ILCS 5/9-242 new
40 ILCS 5/10-110 new
40 ILCS 5/11-233 new
40 ILCS 5/12-196 new
40 ILCS 5/13-217 new
40 ILCS 5/14-157 new
40 ILCS 5/15-203 new
40 ILCS 5/16-207 new
40 ILCS 5/17-160 new
40 ILCS 5/18-125from Ch. 108 1/2, par. 18-125
40 ILCS 5/1-160
40 ILCS 5/2-108.1from Ch. 108 1/2, par. 2-108.1
40 ILCS 5/3-111from Ch. 108 1/2, par. 3-111
40 ILCS 5/4-109from Ch. 108 1/2, par. 4-109
40 ILCS 5/5-238
40 ILCS 5/6-229
40 ILCS 5/7-116from Ch. 108 1/2, par. 7-116
40 ILCS 5/7-142.1from Ch. 108 1/2, par. 7-142.1
40 ILCS 5/15-112from Ch. 108 1/2, par. 15-112
40 ILCS 5/18-125from Ch. 108 1/2, par. 18-125
40 ILCS 5/1-160
40 ILCS 5/2-119.1from Ch. 108 1/2, par. 2-119.1
40 ILCS 5/3-111.1from Ch. 108 1/2, par. 3-111.1
40 ILCS 5/4-109.1from Ch. 108 1/2, par. 4-109.1
40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.1
40 ILCS 5/6-164from Ch. 108 1/2, par. 6-164
40 ILCS 5/7-142from Ch. 108 1/2, par. 7-142
40 ILCS 5/7-142.1from Ch. 108 1/2, par. 7-142.1
40 ILCS 5/15-136from Ch. 108 1/2, par. 15-136
40 ILCS 5/18-125.1from Ch. 108 1/2, par. 18-125.1
40 ILCS 5/1-160
40 ILCS 5/2-119from Ch. 108 1/2, par. 2-119
40 ILCS 5/2-119.01from Ch. 108 1/2, par. 2-119.01
40 ILCS 5/2-119.1from Ch. 108 1/2, par. 2-119.1
40 ILCS 5/3-111from Ch. 108 1/2, par. 3-111
40 ILCS 5/3-111.1from Ch. 108 1/2, par. 3-111.1
40 ILCS 5/4-109from Ch. 108 1/2, par. 4-109
40 ILCS 5/4-109.1from Ch. 108 1/2, par. 4-109.1
40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.1
40 ILCS 5/5-238
40 ILCS 5/6-164from Ch. 108 1/2, par. 6-164
40 ILCS 5/6-229
40 ILCS 5/7-142from Ch. 108 1/2, par. 7-142
40 ILCS 5/7-142.1from Ch. 108 1/2, par. 7-142.1
40 ILCS 5/14-110from Ch. 108 1/2, par. 14-110
40 ILCS 5/15-135from Ch. 108 1/2, par. 15-135
40 ILCS 5/15-136from Ch. 108 1/2, par. 15-136
40 ILCS 5/18-124from Ch. 108 1/2, par. 18-124
40 ILCS 5/18-125.1from Ch. 108 1/2, par. 18-125.1
40 ILCS 5/1-160
5 ILCS 100/5-45.55 new
40 ILCS 5/2-154.5 new
40 ILCS 5/2-154.6 new
40 ILCS 5/17-156.10 new
40 ILCS 5/17-156.11 new
40 ILCS 5/18-161.5 new
40 ILCS 5/18-161.6 new
40 ILCS 5/3-144.3 new
40 ILCS 5/4-138.15 new
40 ILCS 5/5-240 new
40 ILCS 5/6-232 new
40 ILCS 5/7-109.3from Ch. 108 1/2, par. 7-109.3
40 ILCS 5/4-106from Ch. 108 1/2, par. 4-106
40 ILCS 5/4-109.1from Ch. 108 1/2, par. 4-109.1
40 ILCS 5/4-109.2from Ch. 108 1/2, par. 4-109.2
40 ILCS 5/1-160
40 ILCS 5/8-174from Ch. 108 1/2, par. 8-174
40 ILCS 5/11-170from Ch. 108 1/2, par. 11-170
40 ILCS 5/12-150from Ch. 108 1/2, par. 12-150
40 ILCS 5/15-113.4from Ch. 108 1/2, par. 15-113.4
40 ILCS 5/15-155from Ch. 108 1/2, par. 15-155
40 ILCS 5/16-158from Ch. 108 1/2, par. 16-158
40 ILCS 5/7-142.1from Ch. 108 1/2, par. 7-142.1
40 ILCS 5/2-162
40 ILCS 5/12-195
40 ILCS 5/14-152.1
40 ILCS 5/15-198
40 ILCS 5/16-203
40 ILCS 5/18-169
30 ILCS 805/8.48 new

Synopsis As Introduced
Amends the Illinois Pension Code. Makes changes to Tier 2 benefits, including changing the amount of the automatic annual increase to 3% of the originally granted retirement annuity or 3% of the retirement annuity then being paid for the General Assembly and Judges Articles, changing the limit on the amount of salary for annuity purposes to the Social Security wage base, changing the calculation of final average salary to the Tier 1 calculation for persons who are active members on or after January 1, 2025, and changing the retirement age. Establishes an accelerated pension benefit payment option for the General Assembly, Chicago Teachers, and Judges Articles of the Code. Provides that, with regard to persons subject to the Tier 2 provisions, a security employee of the Department of Human Services, a security employee of the Department of Corrections or the Department of Juvenile Justice, an investigator for the Department of the Lottery, or a State highway worker is entitled to an annuity calculated under the alternative retirement annuity provisions of the State Employee Article of the Code. Authorizes the conversion of service to eligible creditable service. Provides that the Retirement Systems Reciprocal Act (Article 20 of the Code) is adopted and made a part of the Downstate Police, Downstate Firefighter, Chicago Police, and Chicago Firefighter Articles. Authorizes SLEP status under the Illinois Municipal Retirement Fund for a person who is a county correctional officer or probation officer and for a person who participates in IMRF and qualifies as a firefighter under the Public Safety Employee Benefits Act. In the Downstate Firefighter Article, includes a de facto firefighter in the definition of "firefighter". Defines "de facto firefighter". Provides that the monthly pension of a firefighter who is receiving a disability pension shall be increased at the rate of 3% of the original monthly pension. Makes changes to the minimum retirement annuity payable to a firefighter with 20 or more years of creditable service, the minimum disability pension, and the minimum surviving spouse's pension. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.

Actions 
DateChamber Action
  11/12/2024SenateFiled with Secretary by Sen. Robert F. Martwick
  11/12/2024SenateFirst Reading
  11/12/2024SenateReferred to Assignments
  11/13/2024SenateAdded as Chief Co-Sponsor Sen. Robert Peters
  11/13/2024SenateAdded as Co-Sponsor Sen. Michael W. Halpin
  11/14/2024SenateAdded as Chief Co-Sponsor Sen. David Koehler
  11/19/2024SenateAdded as Co-Sponsor Sen. Adriane Johnson
  11/19/2024SenateAdded as Co-Sponsor Sen. Karina Villa
  11/19/2024SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
  11/20/2024SenateAdded as Co-Sponsor Sen. Rachel Ventura
  11/20/2024SenateAdded as Co-Sponsor Sen. Mary Edly-Allen

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