Illinois Senate Bill 2398

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 10 2023 - 25% progression
Action: 2023-02-10 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Chicago Municipal Article of the Illinois Pension Code. Adds the Metropolitan Pier and Exposition Authority to the definition of "employer". Adds any person employed by the Metropolitan Pier and Exposition Authority to the definition of "employee". Provides that an employee or a member or participant under any reciprocal retirement system or pension fund established under the Code may establish service credit in the Fund for employment with the Metropolitan Pier and Exposition Authority prior to the effective date of the amendatory Act by applying and paying to the Fund for that employment an amount equal to the (1) employee contributions based on the actual compensation received and the rate of contribution in effect on the date of payment; plus (2) an amount representing employer contributions determined by the retirement board; plus (3) interest at the effective rate from the date of service to the date of payment. Provides that service credit shall not be granted for any such prior employment for which the applicant received credit under any other provision of the Code or during which the applicant was on a leave of absence. Amends the State Mandates Act to require implementation without reimbursement.

PEN CD-MEABF-METRO PIER & EXPO

Sen. Ram Villivalam [D]

Date	Chamber	Action
2023-02-10	Senate	Referred to Assignments
2023-02-10	Senate	First Reading
2023-02-10	Senate	Filed with Secretary by Sen. Ram Villivalam

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.47	New Code	See Bill Text
40	5	8-110	Amended Code	Citation Text
40	5	8-113	Amended Code	Citation Text
40	5	8-180.3	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2398&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2398.htm