HB5540 - 104th General Assembly (2025-2026)

PEN CD-IMRF-ANNUITY PAYMENT
Last Action
3/19/2026 - House: Placed on Calendar 2nd Reading - Short Debate
Statutes Amended In Order of Appearance
40 ILCS 5/7-141.5 new  
215 ILCS 5/367j  from Ch. 73, par. 979j
30 ILCS 805/8.50 new  
Synopsis As Introduced
Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that, if the payment of a retirement annuity is made to an annuitant more than one month after that retirement annuity payment became payable, then the Fund shall pay interest to the annuitant in an amount equal to 6% of that payment of the retirement annuity. Amends the Illinois Insurance Code. In provisions concerning the municipal employee's continuance privilege, provides that if an employee has elected to have the monthly premium deducted by the Illinois Municipal Retirement Fund from the employee's monthly pension payment, then the Illinois Municipal Retirement Fund shall promptly remit the premium payments to the insurance company, regardless of whether the employee's monthly pension payment has been paid to the employee. Amends the State Mandates Act to require implementation without reimbursement.
Actions
DateChamberAction
2/06/2026HouseFiled with the Clerk by Rep. Tom Weber
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee
3/12/2026HouseAssigned to Appropriations-Pensions & Personnel
3/19/2026HouseDo Pass / Short Debate Appropriations-Pensions & Personnel; 009-000-000
3/19/2026HousePlaced on Calendar 2nd Reading - Short Debate
4/08/2026HouseAdded Co-Sponsor Rep. Kevin Schmidt
4/08/2026HouseAdded Co-Sponsor Rep. Regan Deering
4/08/2026HouseAdded Co-Sponsor Rep. Charles Meier
4/08/2026HouseAdded Co-Sponsor Rep. Travis Weaver
4/08/2026HouseAdded Co-Sponsor Rep. Amy Elik
4/08/2026HouseAdded Co-Sponsor Rep. Bradley Fritts
4/08/2026HouseAdded Co-Sponsor Rep. Rita Mayfield
4/08/2026HouseAdded Co-Sponsor Rep. Natalie A. Manley
4/08/2026HouseAdded Chief Co-Sponsor Rep. Stephanie A. Kifowit
4/08/2026HouseAdded Chief Co-Sponsor Rep. Dave Severin
4/08/2026HouseAdded Chief Co-Sponsor Rep. John M. Cabello
4/08/2026HouseAdded Co-Sponsor Rep. Jeff Keicher
4/08/2026HouseAdded Co-Sponsor Rep. Tony M. McCombie
4/08/2026HouseAdded Co-Sponsor Rep. William E Hauter
4/08/2026HouseAdded Co-Sponsor Rep. Joe C. Sosnowski
4/08/2026HouseAdded Co-Sponsor Rep. David Friess
4/08/2026HouseAdded Co-Sponsor Rep. Dan Ugaste
4/08/2026HouseAdded Co-Sponsor Rep. Brandun Schweizer
4/08/2026HouseAdded Co-Sponsor Rep. Brad Stephens
4/08/2026HouseAdded Co-Sponsor Rep. Jackie Haas
4/08/2026HouseAdded Co-Sponsor Rep. Amy L. Grant
4/08/2026HouseAdded Co-Sponsor Rep. Kyle Moore
4/08/2026HouseAdded Co-Sponsor Rep. Nicole La Ha
4/08/2026HouseAdded Co-Sponsor Rep. Michael J. Coffey, Jr.
4/08/2026HouseAdded Co-Sponsor Rep. Patrick Windhorst
4/08/2026HouseAdded Co-Sponsor Rep. Mary Gill
4/08/2026HouseAdded Co-Sponsor Rep. Fred Crespo
4/08/2026HouseAdded Co-Sponsor Rep. William "Will" Davis
4/08/2026HouseAdded Co-Sponsor Rep. Martin McLaughlin
4/08/2026HouseAdded Co-Sponsor Rep. Dennis Tipsword
4/08/2026HouseAdded Co-Sponsor Rep. Brad Halbrook
4/08/2026HouseAdded Co-Sponsor Rep. Jed Davis
4/08/2026HouseAdded Co-Sponsor Rep. Paul Jacobs
4/08/2026HouseAdded Co-Sponsor Rep. Ryan Spain