103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
SB2678

 

Introduced 1/10/2024, by Sen. Meg Loughran Cappel

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/3-144.3 new
40 ILCS 5/4-138.15 new
40 ILCS 5/5-240 new
40 ILCS 5/6-235 new

    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, Downstate Firefighter, Chicago Police, and Chicago Firefighter Articles, 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.


LRB103 35900 RPS 65985 b

 

 

A BILL FOR

 

SB2678LRB103 35900 RPS 65985 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by adding
5Sections 3-144.3, 4-138.15, 5-240, and 6-235 as follows:
 
6    (40 ILCS 5/3-144.3 new)
7    Sec. 3-144.3. Retirement Systems Reciprocal Act. The
8Retirement Systems Reciprocal Act, Article 20 of this Code, is
9adopted and made a part of this Article, but only with respect
10to a person who, on or after the effective date of this
11amendatory Act of the 103rd General Assembly, is entitled
12under this Article or through a participating system under the
13Retirement Systems Reciprocal Act, as defined in Section
1420-108, to begin receiving a retirement annuity or survivor's
15annuity (as those terms are defined in Article 20) and who
16elects to proceed under the Retirement Systems Reciprocal Act.
 
17    (40 ILCS 5/4-138.15 new)
18    Sec. 4-138.15. Retirement Systems Reciprocal Act. The
19Retirement Systems Reciprocal Act, Article 20 of this Code, is
20adopted and made a part of this Article, but only with respect
21to a person who, on or after the effective date of this
22amendatory Act of the 103rd General Assembly, is entitled

 

 

SB2678- 2 -LRB103 35900 RPS 65985 b

1under this Article or through a participating system under the
2Retirement Systems Reciprocal Act, as defined in Section
320-108, to begin receiving a retirement annuity or survivor's
4annuity (as those terms are defined in Article 20) and who
5elects to proceed under the Retirement Systems Reciprocal Act.
 
6    (40 ILCS 5/5-240 new)
7    Sec. 5-240. Retirement Systems Reciprocal Act. The
8Retirement Systems Reciprocal Act, Article 20 of this Code, is
9adopted and made a part of this Article, but only with respect
10to a person who, on or after the effective date of this
11amendatory Act of the 103rd General Assembly, is entitled
12under this Article or through a participating system under the
13Retirement Systems Reciprocal Act, as defined in Section
1420-108, to begin receiving a retirement annuity or survivor's
15annuity (as those terms are defined in Article 20) and who
16elects to proceed under the Retirement Systems Reciprocal Act.
 
17    (40 ILCS 5/6-235 new)
18    Sec. 6-235. Retirement Systems Reciprocal Act. The
19Retirement Systems Reciprocal Act, Article 20 of this Code, is
20adopted and made a part of this Article, but only with respect
21to a person who, on or after the effective date of this
22amendatory Act of the 103rd General Assembly, is entitled
23under this Article or through a participating system under the
24Retirement Systems Reciprocal Act, as defined in Section

 

 

SB2678- 3 -LRB103 35900 RPS 65985 b

120-108, to begin receiving a retirement annuity or survivor's
2annuity (as those terms are defined in Article 20) and who
3elects to proceed under the Retirement Systems Reciprocal Act.