Illinois General Assembly - Full Text of SB2525
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Full Text of SB2525  102nd General Assembly

SB2525 102ND GENERAL ASSEMBLY


 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB2525

 

Introduced 2/26/2021, by Sen. Donald P. DeWitte

 

SYNOPSIS AS INTRODUCED:
 
40 ILCS 5/2-101  from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105  from Ch. 108 1/2, par. 2-105
40 ILCS 5/2-107  from Ch. 108 1/2, par. 2-107
40 ILCS 5/18-101  from Ch. 108 1/2, par. 18-101
40 ILCS 5/18-108  from Ch. 108 1/2, par. 18-108
40 ILCS 5/18-109  from Ch. 108 1/2, par. 18-109
40 ILCS 5/18-110  from Ch. 108 1/2, par. 18-110

    Amends the General Assembly and Judges Articles of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System and the Judges Retirement System of Illinois to persons who became participants before the effective date of the amendatory Act and provides that, beginning on that date, the System shall not accept any new participants. Makes related changes. Effective immediately.


LRB102 04383 RPS 14401 b

FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB2525LRB102 04383 RPS 14401 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
5changing Sections 2-101, 2-105, 2-107, 18-101, 18-108, 18-109,
6and 18-110 as follows:
 
7    (40 ILCS 5/2-101)  (from Ch. 108 1/2, par. 2-101)
8    Sec. 2-101. Creation of system. A retirement system is
9created to provide retirement annuities, survivor's annuities
10and other benefits for certain members of the General
11Assembly, certain elected state officials, and their
12beneficiaries.
13    The system shall be known as the "General Assembly
14Retirement System". All its funds and property shall be a
15trust separate from all other entities, maintained for the
16purpose of securing payment of annuities and benefits under
17this Article.
18    Participation in the retirement system created under this
19Article is restricted to persons who became participants
20before the effective date of this amendatory Act of the 102nd
21General Assembly. Beginning on that date, the System shall not
22accept any new participants.
23(Source: P.A. 83-1440.)
 

 

 

SB2525- 2 -LRB102 04383 RPS 14401 b

1    (40 ILCS 5/2-105)  (from Ch. 108 1/2, par. 2-105)
2    Sec. 2-105. Member. "Member": Members of the General
3Assembly of this State, including persons who enter military
4service while a member of the General Assembly, and any person
5serving as Governor, Lieutenant Governor, Secretary of State,
6Treasurer, Comptroller, or Attorney General for the period of
7service in such office.
8    Any person who has served for 10 or more years as Clerk or
9Assistant Clerk of the House of Representatives, Secretary or
10Assistant Secretary of the Senate, or any combination thereof,
11may elect to become a member of this system while thenceforth
12engaged in such service by filing a written election with the
13board. Any person so electing shall be deemed an active member
14of the General Assembly for the purpose of validating and
15transferring any service credits earned under any of the funds
16and systems established under Articles 3 through 18 of this
17Code.
18    However, notwithstanding any other provision of this
19Article, a person shall not be deemed a member for the purposes
20of this Article unless he or she became a participant of the
21System before the effective date of this amendatory Act of the
22102nd General Assembly.
23(Source: P.A. 85-1008.)
 
24    (40 ILCS 5/2-107)  (from Ch. 108 1/2, par. 2-107)

 

 

SB2525- 3 -LRB102 04383 RPS 14401 b

1    Sec. 2-107. Participant. "Participant": Any member who
2elects to participate; and any former member who elects to
3continue participation under Section 2-117.1, for the duration
4of such continued participation. However, notwithstanding any
5other provision of this Article, a person shall not be deemed a
6participant for the purposes of this Article unless he or she
7became a participant of the System before the effective date
8of this amendatory Act of the 102nd General Assembly.
9(Source: P.A. 86-1488.)
 
10    (40 ILCS 5/18-101)  (from Ch. 108 1/2, par. 18-101)
11    Sec. 18-101. Creation of fund. A retirement system is
12created to be known as the "Judges Retirement System of
13Illinois". It shall be a trust separate and distinct from all
14other entities, maintained for the purpose of securing the
15payment of annuities and benefits as prescribed herein.
16    Participation in the retirement system created under this
17Article is restricted to persons who became participants of
18the System before the effective date of this amendatory Act of
19the 102nd General Assembly. Beginning on that date, the System
20shall not accept any new participants.
21(Source: Laws 1963, p. 161.)
 
22    (40 ILCS 5/18-108)  (from Ch. 108 1/2, par. 18-108)
23    Sec. 18-108. Judge. "Judge": Any person who receives
24payment for personal services as a judge or associate judge of

 

 

SB2525- 4 -LRB102 04383 RPS 14401 b

1a court; and any person, previously a participant, who
2receives payment for personal services as the administrative
3director appointed by the Supreme Court.
4    However, notwithstanding any other provision of this
5Article, a person shall not be deemed a judge for the purposes
6of this Article unless he or she became a participant of the
7System before the effective date of this amendatory Act of the
8102nd General Assembly.
9(Source: P.A. 83-1440.)
 
10    (40 ILCS 5/18-109)  (from Ch. 108 1/2, par. 18-109)
11    Sec. 18-109. Eligible judge. "Eligible judge": Any judge
12except one who has elected not to participate in this system.
13    However, notwithstanding any other provision of this
14Article, a person shall not be deemed an eligible judge for the
15purposes of this Article unless he or she became a participant
16of the System before the effective date of this amendatory Act
17of the 102nd General Assembly.
18(Source: P.A. 83-1440.)
 
19    (40 ILCS 5/18-110)  (from Ch. 108 1/2, par. 18-110)
20    Sec. 18-110. Participant. "Participant": Any judge
21participating in this system as specified in Sections 18-120
22and 18-121.
23    However, notwithstanding any other provision of this
24Article, a person shall not be deemed a participant for the

 

 

SB2525- 5 -LRB102 04383 RPS 14401 b

1purposes of this Article unless he or she became a participant
2of the System before the effective date of this amendatory Act
3of the 102nd General Assembly.
4(Source: P.A. 83-1440.)
 
5    Section 99. Effective date. This Act takes effect upon
6becoming law.