Full Text of SB2221 102nd General Assembly
SB2221 102ND GENERAL ASSEMBLY |
| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022 SB2221 Introduced 2/26/2021, by Sen. Suzy Glowiak Hilton 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 |
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Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System by members of the Senate to persons who become participants before the effective date of the amendatory Act and provides that, beginning on that date, the System shall not accept any new participants who are members of the Senate. Makes related changes. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | | SB2221 | | LRB102 14720 RPS 20073 b |
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| 1 | | AN ACT concerning public employee benefits.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Pension Code is amended by | 5 | | changing Sections
2-101 and 2-105 as follows:
| 6 | | (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
| 7 | | Sec. 2-101. Creation of system. A retirement system is | 8 | | created to provide
retirement annuities, survivor's annuities | 9 | | and other benefits for certain
members of the General | 10 | | Assembly, certain elected state officials , and their
| 11 | | beneficiaries.
| 12 | | The system shall be known as the "General Assembly | 13 | | Retirement System".
All its funds and property shall be a | 14 | | trust separate from all other
entities, maintained for the | 15 | | purpose of securing payment of annuities and
benefits under | 16 | | this Article.
| 17 | | Participation in the retirement system created under this | 18 | | Article by members of the Senate is
restricted to persons who | 19 | | become participants before the effective date of this | 20 | | amendatory Act of the 102nd General Assembly.
Beginning on | 21 | | that date, the System shall not accept any new participants | 22 | | who are members of the Senate.
| 23 | | (Source: P.A. 83-1440.)
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| | | SB2221 | - 2 - | LRB102 14720 RPS 20073 b |
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| 1 | | (40 ILCS 5/2-105) (from Ch. 108 1/2, par. 2-105)
| 2 | | Sec. 2-105. Member. "Member": Members of the General | 3 | | Assembly of this
State , including persons who enter military | 4 | | service while a member of the
General Assembly , and any person | 5 | | serving as Governor, Lieutenant Governor,
Secretary of State, | 6 | | Treasurer, Comptroller, or Attorney General for the period
of | 7 | | service in such office.
| 8 | | Any person who has served for 10 or more years as Clerk or | 9 | | Assistant Clerk
of the House of Representatives, Secretary or | 10 | | Assistant Secretary of the
Senate, or any combination thereof, | 11 | | may elect to become a member
of this system while thenceforth | 12 | | engaged in such service by filing a
written election with the | 13 | | board. Any person so electing shall be
deemed an active member | 14 | | of the General Assembly for the purpose of validating
and | 15 | | transferring any service credits earned under any of the funds | 16 | | and systems
established under Articles 3 through 18 of this | 17 | | Code.
| 18 | | However, notwithstanding any other provision of this | 19 | | Article, a member of the Senate shall not be deemed a member | 20 | | for the purposes of this Article unless he or she
became a | 21 | | participant of the System before the effective date of this | 22 | | amendatory Act of the 102nd General Assembly.
| 23 | | (Source: P.A. 85-1008.)
| 24 | | Section 99. Effective date. This Act takes effect upon | 25 | | becoming law. |
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