Bill Text: IL HB2452 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the State Employee, State Universities, and Downstate Teacher Articles of the Illinois Pension Code. Provides that the System shall offer an accelerated pension benefit payment option for eligible Tier 1 members. Provides that the accelerated pension benefit payment is a lump sum payment equal to 50% of the difference of the net present value of the Tier 1 member's retirement annuity, including the value of the annual increases to that retirement annuity, and the amount of the old-age payments under Social Security, including the value of the annual increases, that he or she would have been entitled to, as determined by the Board, if he or she had been eligible for Social Security coverage with respect to his or her position. Provides that a person who elects the accelerated pension benefit payment option shall have his or her retirement annuity reduced to the amount of the old age payments under Social Security that he or she would have been entitled to, as determined by the Board, had he or she been participating in Social Security and any increase in retirement annuity shall be the annual unadjusted percentage increase (but not less than zero) in the consumer price index-w for the 12 months ending with the September preceding each November 1 of the originally granted retirement annuity. Contains provisions concerning return to active service; rulemaking; qualified plan status; and new benefit increases. Makes conforming changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2019-04-12 - Rule 19(a) / Re-referred to Rules Committee [HB2452 Detail]

Download: Illinois-2019-HB2452-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB2452 Introduced , by Rep. Robert Martwick SYNOPSIS AS INTRODUCED:
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Amends the State Employee, State Universities, and Downstate Teacher Articles of the Illinois Pension Code. Provides that the System shall offer an accelerated pension benefit payment option for eligible Tier 1 members. Provides that the accelerated pension benefit payment is a lump sum payment equal to 50% of the difference of the net present value of the Tier 1 member's retirement annuity, including the value of the annual increases to that retirement annuity, and the amount of the old-age payments under Social Security, including the value of the annual increases, that he or she would have been entitled to, as determined by the Board, if he or she had been eligible for Social Security coverage with respect to his or her position. Provides that a person who elects the accelerated pension benefit payment option shall have his or her retirement annuity reduced to the amount of the old age payments under Social Security that he or she would have been entitled to, as determined by the Board, had he or she been participating in Social Security and any increase in retirement annuity shall be the annual unadjusted percentage increase (but not less than zero) in the consumer price index-w for the 12 months ending with the September preceding each November 1 of the originally granted retirement annuity. Contains provisions concerning return to active service; rulemaking; qualified plan status; and new benefit increases. Makes conforming changes. Effective immediately.
LRB101 07898 RPS 52953 b
FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB2452 LRB101 07898 RPS 52953 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by adding
Sections 14-147.7, 15-185.7, and 16-190.7 and by changing
Section 14-147.5, 14-147.6, 14-152.1, 15-185.5, 15-185.6,
15-198, 16-190.5, 16-190.6, and 16-203 as follows:
(40 ILCS 5/14-147.5)
Sec. 14-147.5. Accelerated pension benefit payment in lieu
of any pension benefit.
(a) As used in this Section:
"Eligible person" means a person who:
(1) has terminated service;
(2) has accrued sufficient service credit to be
eligible to receive a retirement annuity under this
Article;
(3) has not received any retirement annuity under this
Article; and
(4) has not made the election under Section 14-147.6 or
14-147.7.
"Pension benefit" means the benefits under this Article, or
Article 1 as it relates to those benefits, including any
anticipated annual increases, that an eligible person is

HB2452 - 2 - LRB101 07898 RPS 52953 b
entitled to upon attainment of the applicable retirement age.
"Pension benefit" also includes applicable survivor's or
disability benefits.
(b) As soon as practical after the effective date of this
amendatory Act of the 100th General Assembly, the System shall
calculate, using actuarial tables and other assumptions
adopted by the Board, the present value of pension benefits for
each eligible person who requests that information and shall
offer each eligible person the opportunity to irrevocably elect
to receive an amount determined by the System to be equal to
60% of the present value of his or her pension benefits in lieu
of receiving any pension benefit. The offer shall specify the
dollar amount that the eligible person will receive if he or
she so elects and shall expire when a subsequent offer is made
to an eligible person. An eligible person is limited to one
calculation and offer per calendar year. The System shall make
a good faith effort to contact every eligible person to notify
him or her of the election.
Until June 30, 2021, an eligible person may irrevocably
elect to receive an accelerated pension benefit payment in the
amount that the System offers under this subsection in lieu of
receiving any pension benefit. A person who elects to receive
an accelerated pension benefit payment under this Section may
not elect to proceed under the Retirement Systems Reciprocal
Act with respect to service under this Article.
(c) A person's creditable service under this Article shall

HB2452 - 3 - LRB101 07898 RPS 52953 b
be terminated upon the person's receipt of an accelerated
pension benefit payment under this Section, and no other
benefit shall be paid under this Article based on the
terminated creditable service, including any retirement,
survivor, or other benefit; except that to the extent that
participation, benefits, or premiums under the State Employees
Group Insurance Act of 1971 are based on the amount of service
credit, the terminated service credit shall be used for that
purpose.
(d) If a person who has received an accelerated pension
benefit payment under this Section returns to active service
under this Article, then:
(1) Any benefits under the System earned as a result of
that return to active service shall be based solely on the
person's creditable service arising from the return to
active service.
(2) The accelerated pension benefit payment may not be
repaid to the System, and the terminated creditable service
may not under any circumstances be reinstated.
(e) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be transferred into a tax qualified retirement plan or account.
The accelerated pension benefit payment under this Section may
be subject to withholding or payment of applicable taxes, but
to the extent permitted by federal law, a person who receives
an accelerated pension benefit payment under this Section must

HB2452 - 4 - LRB101 07898 RPS 52953 b
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(f) Upon receipt of a member's irrevocable election to
receive an accelerated pension benefit payment under this
Section, the System shall submit a voucher to the Comptroller
for payment of the member's accelerated pension benefit
payment. The Comptroller shall transfer the amount of the
voucher from the State Pension Obligation Acceleration Bond
Fund to the System, and the System shall transfer the amount
into the member's eligible retirement plan or qualified
account.
(g) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(h) No provision of this Section shall be interpreted in a
way that would cause the applicable System to cease to be a
qualified plan under the Internal Revenue Code of 1986.
(Source: P.A. 100-587, eff. 6-4-18.)
(40 ILCS 5/14-147.6)
Sec. 14-147.6. Accelerated pension benefit payment for a
reduction in annual retirement annuity and survivor's annuity
increases.
(a) As used in this Section:
"Accelerated pension benefit payment" means a lump sum
payment equal to 70% of the difference of the present value of

HB2452 - 5 - LRB101 07898 RPS 52953 b
the automatic annual increases to a Tier 1 member's retirement
annuity and survivor's annuity using the formula applicable to
the Tier 1 member and the present value of the automatic annual
increases to the Tier 1 member's retirement annuity using the
formula provided under subsection (b-5) and survivor's annuity
using the formula provided under subsection (b-6).
"Eligible person" means a person who:
(1) is a Tier 1 member;
(2) has submitted an application for a retirement
annuity under this Article;
(3) meets the age and service requirements for
receiving a retirement annuity under this Article;
(4) has not received any retirement annuity under this
Article; and
(5) has not made the election under Section 14-147.5 or
14-147.7.
(b) As soon as practical after the effective date of this
amendatory Act of the 100th General Assembly and until June 30,
2021, the System shall implement an accelerated pension benefit
payment option for eligible persons. Upon the request of an
eligible person, the System shall calculate, using actuarial
tables and other assumptions adopted by the Board, an
accelerated pension benefit payment amount and shall offer that
eligible person the opportunity to irrevocably elect to have
his or her automatic annual increases in retirement annuity
calculated in accordance with the formula provided under

HB2452 - 6 - LRB101 07898 RPS 52953 b
subsection (b-5) and any increases in survivor's annuity
payable to his or her survivor's annuity beneficiary calculated
in accordance with the formula provided under subsection (b-6)
in exchange for the accelerated pension benefit payment. The
election under this subsection must be made before the eligible
person receives the first payment of a retirement annuity
otherwise payable under this Article.
(b-5) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be subject to annual increases on the
January 1 occurring either on or after the attainment of age 67
or the first anniversary of the annuity start date, whichever
is later. Each annual increase shall be calculated at 1.5% of
the originally granted retirement annuity.
(b-6) Notwithstanding any other provision of law, a
survivor's annuity payable to a survivor's annuity beneficiary
of a person who made the election under subsection (b) shall be
subject to annual increases on the January 1 occurring on or
after the first anniversary of the commencement of the annuity.
Each annual increase shall be calculated at 1.5% of the
originally granted survivor's annuity.
(c) If a person who has received an accelerated pension
benefit payment returns to active service under this Article,
then:
(1) the calculation of any future automatic annual
increase in retirement annuity shall be calculated in

HB2452 - 7 - LRB101 07898 RPS 52953 b
accordance with the formula provided under subsection
(b-5); and
(2) the accelerated pension benefit payment may not be
repaid to the System.
(d) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be transferred into a tax qualified retirement plan or account.
The accelerated pension benefit payment under this Section may
be subject to withholding or payment of applicable taxes, but
to the extent permitted by federal law, a person who receives
an accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(d-5) Upon receipt of a member's irrevocable election to
receive an accelerated pension benefit payment under this
Section, the System shall submit a voucher to the Comptroller
for payment of the member's accelerated pension benefit
payment. The Comptroller shall transfer the amount of the
voucher to the System, and the System shall transfer the amount
into a member's eligible retirement plan or qualified account.
(e) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(f) No provision of this Section shall be interpreted in a
way that would cause the applicable System to cease to be a
qualified plan under the Internal Revenue Code of 1986.

HB2452 - 8 - LRB101 07898 RPS 52953 b
(Source: P.A. 100-587, eff. 6-4-18.)
(40 ILCS 5/14-147.7 new)
Sec. 14-147.7. Accelerated pension benefit payment for a
reduction in retirement annuity.
(a) As used in this Section:
"Accelerated pension benefit payment" means a lump sum
payment equal to 50% of the difference of the net present value
of the Tier 1 member's retirement annuity, including the value
of the annual increases to that retirement annuity, and the
amount of the old-age insurance payments under the federal
Old-Age, Survivors, and Disability Insurance program
administered by the Social Security Administration, including
the value of the annual increases under subsection (d), that he
or she would have been entitled to, as determined by the Board,
if he or she had been eligible for Social Security coverage
with respect to his or her position.
"Eligible person" means a person who:
(1) is a Tier 1 member;
(2) is a noncovered employee;
(3) does not have a Qualified Illinois Domestic
Relations Order in effect against him or her;
(4) has submitted an application for a retirement
annuity under this Article;
(5) meets the age and service requirements for
receiving a retirement annuity under this Article;

HB2452 - 9 - LRB101 07898 RPS 52953 b
(6) has not received any retirement annuity under this
Article; and
(7) has not made the election under Section 14-147.5 or
14-147.6.
"Implementation date" means the earliest date upon which
the Board authorizes eligible persons to begin irrevocably
electing the accelerated pension benefit payment option under
this Section. The Board shall endeavor to make such
participation available as soon as possible after the effective
date of this amendatory Act of the 101st General Assembly and
shall establish an implementation date by Board resolution.
(b) Beginning on the implementation date, the System shall
implement an accelerated pension benefit payment option for
eligible persons. Upon the request of an eligible person, the
System shall calculate, using actuarial tables and other
assumptions adopted by the Board, an accelerated pension
benefit payment amount and shall offer that eligible person the
opportunity to irrevocably elect to have his or her retirement
annuity reduced in accordance with the formula provided under
subsection (c) and his or her automatic annual increases in
retirement annuity calculated in accordance with the formula
provided under subsection (d) in exchange for the accelerated
pension benefit payment. In determining the amount of the
accelerated pension benefit payment, the System may use any
necessary assumptions about what the amounts of the old-age
insurance payments under the federal Old-Age, Survivors, and

HB2452 - 10 - LRB101 07898 RPS 52953 b
Disability Insurance program would be for that eligible person.
The election under this subsection must be made before the
eligible person receives the first payment of a retirement
annuity otherwise payable under this Article.
(c) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be equal to the amount of the old-age
insurance payment under the federal Old-Age, Survivors, and
Disability Insurance program that he or she would have been
entitled to, as determined by the Board, had he or she been
participating in Social Security with respect to his or her
employment under this Article.
(d) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be subject to annual increases on the
January 1 occurring either on or after the attainment of age 67
or the first anniversary of the annuity start date, whichever
is later. Each annual increase shall be the annual unadjusted
percentage increase (but not less than zero) in the consumer
price index-w for the 12 months ending with the September
preceding each November 1 of the originally granted retirement
annuity. If the annual unadjusted percentage change in the
consumer price index-w for the 12 months ending with the
September preceding each November 1 is zero or there is a
decrease, then the annuity shall not be increased.
For the purposes of this subsection, "consumer price

HB2452 - 11 - LRB101 07898 RPS 52953 b
index-w" means the index published by the Bureau of Labor
Statistics of the United States Department of Labor that
measures the average change in prices of goods and services
purchased by Urban Wage Earners and Clerical Workers, United
States city average, all items, 1982-84 = 100. The new amount
resulting from each annual adjustment shall be determined by
the Public Pension Division of the Department of Insurance and
made available to the boards of the retirement systems and
pension funds by November 1 of each year.
(e) If a person who has received an accelerated pension
benefit payment returns to active service under this Article,
then any change in the amount of retirement annuity shall be
calculated in accordance with subsection (c) and any future
automatic annual increase in retirement annuity shall be
calculated in accordance with the formula provided under
subsection (d).
(f) The accelerated pension benefit payment may not be
repaid to the System.
(g) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be transferred into a tax qualified retirement plan or account.
The accelerated pension benefit payment under this Section may
be subject to withholding or payment of applicable taxes, but
to the extent permitted by federal law, a person who receives
an accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into

HB2452 - 12 - LRB101 07898 RPS 52953 b
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(h) Upon receipt of a member's irrevocable election to
receive an accelerated pension benefit payment under this
Section, the System shall submit a voucher to the Comptroller
for payment of the member's accelerated pension benefit
payment. The Comptroller shall transfer the amount of the
voucher to the System, and the System shall transfer the amount
into a member's eligible retirement plan or qualified account.
(i) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(j) No provision of this Section shall be interpreted in a
way that would cause the System to cease to be a qualified plan
under the Internal Revenue Code of 1986.
(40 ILCS 5/14-152.1)
Sec. 14-152.1. Application and expiration of new benefit
increases.
(a) As used in this Section, "new benefit increase" means
an increase in the amount of any benefit provided under this
Article, or an expansion of the conditions of eligibility for
any benefit under this Article, that results from an amendment
to this Code that takes effect after June 1, 2005 (the
effective date of Public Act 94-4). "New benefit increase",
however, does not include any benefit increase resulting from
the changes made to Article 1 or this Article by Public Act

HB2452 - 13 - LRB101 07898 RPS 52953 b
96-37, Public Act 100-23, Public Act 100-587, Public Act
100-611, or this amendatory Act of the 101st General Assembly
or this amendatory Act of the 100th General Assembly.
(b) Notwithstanding any other provision of this Code or any
subsequent amendment to this Code, every new benefit increase
is subject to this Section and shall be deemed to be granted
only in conformance with and contingent upon compliance with
the provisions of this Section.
(c) The Public Act enacting a new benefit increase must
identify and provide for payment to the System of additional
funding at least sufficient to fund the resulting annual
increase in cost to the System as it accrues.
Every new benefit increase is contingent upon the General
Assembly providing the additional funding required under this
subsection. The Commission on Government Forecasting and
Accountability shall analyze whether adequate additional
funding has been provided for the new benefit increase and
shall report its analysis to the Public Pension Division of the
Department of Insurance. A new benefit increase created by a
Public Act that does not include the additional funding
required under this subsection is null and void. If the Public
Pension Division determines that the additional funding
provided for a new benefit increase under this subsection is or
has become inadequate, it may so certify to the Governor and
the State Comptroller and, in the absence of corrective action
by the General Assembly, the new benefit increase shall expire

HB2452 - 14 - LRB101 07898 RPS 52953 b
at the end of the fiscal year in which the certification is
made.
(d) Every new benefit increase shall expire 5 years after
its effective date or on such earlier date as may be specified
in the language enacting the new benefit increase or provided
under subsection (c). This does not prevent the General
Assembly from extending or re-creating a new benefit increase
by law.
(e) Except as otherwise provided in the language creating
the new benefit increase, a new benefit increase that expires
under this Section continues to apply to persons who applied
and qualified for the affected benefit while the new benefit
increase was in effect and to the affected beneficiaries and
alternate payees of such persons, but does not apply to any
other person, including without limitation a person who
continues in service after the expiration date and did not
apply and qualify for the affected benefit while the new
benefit increase was in effect.
(Source: P.A. 100-23, eff. 7-6-17; 100-587, eff. 6-4-18;
100-611, eff. 7-20-18; revised 7-25-18.)
(40 ILCS 5/15-185.5)
Sec. 15-185.5. Accelerated pension benefit payment in lieu
of any pension benefit.
(a) As used in this Section:
"Eligible person" means a person who:

HB2452 - 15 - LRB101 07898 RPS 52953 b
(1) has terminated service;
(2) has accrued sufficient service credit to be
eligible to receive a retirement annuity under this
Article;
(3) has not received any retirement annuity under this
Article;
(4) has not made the election under Section 15-185.6 or
15-185.7; and
(5) is not a participant in the self-managed plan under
Section 15-158.2.
"Implementation date" means the earliest date upon which
the Board authorizes eligible persons to begin irrevocably
electing the accelerated pension benefit payment option under
this Section. The Board shall endeavor to make such
participation available as soon as possible after the effective
date of this amendatory Act of the 100th General Assembly and
shall establish an implementation date by Board resolution.
"Pension benefit" means the benefits under this Article, or
Article 1 as it relates to those benefits, including any
anticipated annual increases, that an eligible person is
entitled to upon attainment of the applicable retirement age.
"Pension benefit" also includes applicable survivors benefits,
disability benefits, or disability retirement annuity
benefits.
(b) Beginning on the implementation date, the System shall
offer each eligible person the opportunity to irrevocably elect

HB2452 - 16 - LRB101 07898 RPS 52953 b
to receive an amount determined by the System to be equal to
60% of the present value of his or her pension benefits in lieu
of receiving any pension benefit. The System shall calculate,
using actuarial tables and other assumptions adopted by the
Board, the present value of pension benefits for each eligible
person upon his or her request in writing to the System. The
System shall not perform more than one calculation per eligible
member in a State fiscal year. The offer shall specify the
dollar amount that the eligible person will receive if he or
she so elects and shall expire when a subsequent offer is made
to an eligible person. The System shall make a good faith
effort to contact every eligible person to notify him or her of
the election.
Beginning on the implementation date and until June 30,
2021, an eligible person may irrevocably elect to receive an
accelerated pension benefit payment in the amount that the
System offers under this subsection in lieu of receiving any
pension benefit. A person who elects to receive an accelerated
pension benefit payment under this Section may not elect to
proceed under the Retirement Systems Reciprocal Act with
respect to service under this Article.
(c) Upon payment of an accelerated pension benefit payment
under this Section, the person forfeits all accrued rights and
credits in the System and no other benefit shall be paid under
this Article based on those forfeited rights and credits,
including any retirement, survivor, or other benefit; except

HB2452 - 17 - LRB101 07898 RPS 52953 b
that to the extent that participation, benefits, or premiums
under the State Employees Group Insurance Act of 1971 are based
on the amount of service credit, the terminated service credit
shall be used for that purpose.
(d) If a person who has received an accelerated pension
benefit payment under this Section returns to participation
under this Article, any benefits under the System earned as a
result of that return to participation shall be based solely on
the person's credits and creditable service arising from the
return to participation. Upon return to participation, the
person shall be considered a new employee subject to all the
qualifying conditions for participation and eligibility for
benefits applicable to new employees.
(d-5) The accelerated pension benefit payment may not be
repaid to the System, and the forfeited rights and credits may
not under any circumstances be reinstated.
(e) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be deposited into a tax qualified retirement plan or account
identified by the eligible person at the time of the election.
The accelerated pension benefit payment under this Section may
be subject to withholding or payment of applicable taxes, but
to the extent permitted by federal law, a person who receives
an accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal

HB2452 - 18 - LRB101 07898 RPS 52953 b
Revenue Code of 1986, as amended.
(f) The System shall submit vouchers to the State
Comptroller for the payment of accelerated pension benefit
payments under this Section. The State Comptroller shall pay
the amounts of the vouchers from the State Pension Obligation
Acceleration Bond Fund to the System, and the System shall
deposit the amounts into the applicable tax qualified plans or
accounts.
(g) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(h) No provision of this Section shall be interpreted in a
way that would cause the System to cease to be a qualified plan
under the Internal Revenue Code of 1986.
(Source: P.A. 100-587, eff. 6-4-18.)
(40 ILCS 5/15-185.6)
Sec. 15-185.6. Accelerated pension benefit payment for a
reduction in an annual increase to a retirement annuity and an
annuity benefit payable as a result of death.
(a) As used in this Section:
"Accelerated pension benefit payment" means a lump sum
payment equal to 70% of the difference of: (i) the present
value of the automatic annual increases to a Tier 1 member's
retirement annuity, including any increases to any annuity
benefit payable as a result of his or her death, using the
formula applicable to the Tier 1 member; and (ii) the present

HB2452 - 19 - LRB101 07898 RPS 52953 b
value of the automatic annual increases to the Tier 1 member's
retirement annuity, including any increases to any annuity
benefit payable as a result of his or her death, using the
formula provided under subsection (b-5).
"Eligible person" means a person who:
(1) is a Tier 1 member;
(2) has submitted an application for a retirement
annuity under this Article;
(3) meets the age and service requirements for
receiving a retirement annuity under this Article;
(4) has not received any retirement annuity under this
Article;
(5) has not made the election under Section 15-185.5 or
15-185.7; and
(6) is not a participant in the self-managed plan under
Section 15-158.2.
"Implementation date" means the earliest date upon which
the Board authorizes eligible persons to begin irrevocably
electing the accelerated pension benefit payment option under
this Section. The Board shall endeavor to make such
participation available as soon as possible after the effective
date of this amendatory Act of the 100th General Assembly and
shall establish an implementation date by Board resolution.
(b) Beginning on the implementation date and until June 30,
2021, the System shall implement an accelerated pension benefit
payment option for eligible persons. The System shall

HB2452 - 20 - LRB101 07898 RPS 52953 b
calculate, using actuarial tables and other assumptions
adopted by the Board, an accelerated pension benefit payment
amount for an eligible person upon his or her request in
writing to the System and shall offer that eligible person the
opportunity to irrevocably elect to have his or her automatic
annual increases in retirement annuity and any annuity benefit
payable as a result of his or her death calculated in
accordance with the formula provided in subsection (b-5) in
exchange for the accelerated pension benefit payment. The
System shall not perform more than one calculation under this
Section per eligible person in a State fiscal year. The
election under this subsection must be made before any
retirement annuity is paid to the eligible person, and the
eligible survivor, spouse, or contingent annuitant, as
applicable, must consent to the election under this subsection.
(b-5) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be increased annually beginning on the
January 1 occurring either on or after the attainment of age 67
or the first anniversary of the annuity start date, whichever
is later, and any annuity benefit payable as a result of his or
her death shall be increased annually beginning on: (1) the
January 1 occurring on or after the commencement of the annuity
if the deceased Tier 1 member died while receiving a retirement
annuity; or (2) the January 1 occurring after the first
anniversary of the commencement of the benefit. Each annual

HB2452 - 21 - LRB101 07898 RPS 52953 b
increase shall be calculated at 1.5% of the originally granted
retirement annuity or annuity benefit payable as a result of
the Tier 1 member's death.
(c) If an annuitant who has received an accelerated pension
benefit payment returns to participation under this Article,
the calculation of any future automatic annual increase in
retirement annuity under subsection (c) of Section 15-139 shall
be calculated in accordance with the formula provided in
subsection (b-5).
(c-5) The accelerated pension benefit payment may not be
repaid to the System.
(d) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be deposited into a tax qualified retirement plan or account
identified by the eligible person at the time of election. The
accelerated pension benefit payment under this Section may be
subject to withholding or payment of applicable taxes, but to
the extent permitted by federal law, a person who receives an
accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(d-5) The System shall submit vouchers to the State
Comptroller for the payment of accelerated pension benefit
payments under this Section. The State Comptroller shall pay
the amounts of the vouchers from the State Pension Obligation

HB2452 - 22 - LRB101 07898 RPS 52953 b
Acceleration Bond Fund to the System, and the System shall
deposit the amounts into the applicable tax qualified plans or
accounts.
(e) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(f) No provision of this Section shall be interpreted in a
way that would cause the System to cease to be a qualified plan
under the Internal Revenue Code of 1986.
(Source: P.A. 100-587, eff. 6-4-18.)
(40 ILCS 5/15-185.7 new)
Sec. 15-185.7. Accelerated pension benefit payment for a
reduction in retirement annuity.
(a) As used in this Section:
"Accelerated pension benefit payment" means a lump sum
payment equal to 50% of the difference of the net present value
of the Tier 1 member's retirement annuity, including the value
of the annual increases to that retirement annuity, and the
amount of the old-age insurance payments under the federal
Old-Age, Survivors, and Disability Insurance program
administered by the Social Security Administration, including
the value of the annual increases under subsection (d), that he
or she would have been entitled to, as determined by the Board,
if he or she had been eligible for Social Security coverage
with respect to his or her position.
"Eligible person" means a person who:

HB2452 - 23 - LRB101 07898 RPS 52953 b
(1) is a Tier 1 member;
(2) has submitted an application for a retirement
annuity under this Article;
(3) does not have a Qualified Illinois Domestic
Relations Order in effect against him or her;
(4) meets the age and service requirements for
receiving a retirement annuity under this Article;
(5) has not received any retirement annuity under this
Article;
(6) has not made the election under Section 15-185.5 or
15-185.6;
(7) is not a participant in the self-managed plan under
Section 15-158.2.
"Implementation date" means the earliest date upon which
the Board authorizes eligible persons to begin irrevocably
electing the accelerated pension benefit payment option under
this Section. The Board shall endeavor to make such
participation available as soon as possible after the effective
date of this amendatory Act of the 101st General Assembly and
shall establish an implementation date by Board resolution.
(b) Beginning on the implementation date, the System shall
implement an accelerated pension benefit payment option for
eligible persons. The System shall calculate, using actuarial
tables and other assumptions adopted by the Board, an
accelerated pension benefit payment amount for an eligible
person upon his or her request in writing to the System and

HB2452 - 24 - LRB101 07898 RPS 52953 b
shall offer that eligible person the opportunity to irrevocably
elect to have his or her retirement annuity reduced in
accordance with the formula provided under subsection (c) and
his or her automatic annual increases in retirement annuity
calculated in accordance with the formula provided under
subsection (d) in exchange for the accelerated pension benefit
payment. In determining the amount of the accelerated pension
benefit payment, the System may use any necessary assumptions
about what the amounts of the old-age insurance payments under
the federal Old-Age, Survivors, and Disability Insurance
program would be for that eligible person. The election under
this subsection must be made before any retirement annuity is
paid to the eligible person.
(c) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be equal to the amount of the old-age
insurance payment under the federal Old-Age, Survivors, and
Disability Insurance program that he or she would have been
entitled to, as determined by the Board, had he or she been
participating in Social Security with respect to his or her
employment under this Article.
(d) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be subject to annual increases on the
January 1 occurring either on or after the attainment of age 67
or the first anniversary of the annuity start date, whichever

HB2452 - 25 - LRB101 07898 RPS 52953 b
is later. Each annual increase shall be the annual unadjusted
percentage increase (but not less than zero) in the consumer
price index-w for the 12 months ending with the September
preceding each November 1 of the originally granted retirement
annuity. If the annual unadjusted percentage change in the
consumer price index-w for the 12 months ending with the
September preceding each November 1 is zero or there is a
decrease, then the annuity shall not be increased.
For the purposes of this subsection, "consumer price
index-w" means the index published by the Bureau of Labor
Statistics of the United States Department of Labor that
measures the average change in prices of goods and services
purchased by Urban Wage Earners and Clerical Workers, United
States city average, all items, 1982-84 = 100. The new amount
resulting from each annual adjustment shall be determined by
the Public Pension Division of the Department of Insurance and
made available to the boards of the retirement systems and
pension funds by November 1 of each year.
(e) If an annuitant who has received an accelerated pension
benefit payment returns to participation under this Article,
then any change in the amount of retirement annuity shall be
calculated in accordance with subsection (c) and the
calculation of any future automatic annual increase in
retirement annuity shall be calculated in accordance with the
formula provided in subsection (d).
(f) The accelerated pension benefit payment may not be

HB2452 - 26 - LRB101 07898 RPS 52953 b
repaid to the System.
(g) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be deposited into a tax qualified retirement plan or account
identified by the eligible person at the time of election. The
accelerated pension benefit payment under this Section may be
subject to withholding or payment of applicable taxes, but to
the extent permitted by federal law, a person who receives an
accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(h) Upon receipt of a member's irrevocable election to
receive an accelerated pension benefit payment under this
Section, the System shall submit a voucher to the Comptroller
for payment of the member's accelerated pension benefit
payment. The Comptroller shall transfer the amount of the
voucher to the System, and the System shall transfer the amount
into a member's eligible retirement plan or qualified account.
(i) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(j) No provision of this Section shall be interpreted in a
way that would cause the System to cease to be a qualified plan
under the Internal Revenue Code of 1986.
(40 ILCS 5/15-198)

HB2452 - 27 - LRB101 07898 RPS 52953 b
Sec. 15-198. Application and expiration of new benefit
increases.
(a) As used in this Section, "new benefit increase" means
an increase in the amount of any benefit provided under this
Article, or an expansion of the conditions of eligibility for
any benefit under this Article, that results from an amendment
to this Code that takes effect after the effective date of this
amendatory Act of the 94th General Assembly. "New benefit
increase", however, does not include any benefit increase
resulting from the changes made to Article 1 or this Article by
Public Act 100-23, Public Act 100-587, Public Act 100-769, or
this amendatory Act of the 101st General Assembly or this
amendatory Act of the 100th General Assembly.
(b) Notwithstanding any other provision of this Code or any
subsequent amendment to this Code, every new benefit increase
is subject to this Section and shall be deemed to be granted
only in conformance with and contingent upon compliance with
the provisions of this Section.
(c) The Public Act enacting a new benefit increase must
identify and provide for payment to the System of additional
funding at least sufficient to fund the resulting annual
increase in cost to the System as it accrues.
Every new benefit increase is contingent upon the General
Assembly providing the additional funding required under this
subsection. The Commission on Government Forecasting and
Accountability shall analyze whether adequate additional

HB2452 - 28 - LRB101 07898 RPS 52953 b
funding has been provided for the new benefit increase and
shall report its analysis to the Public Pension Division of the
Department of Insurance. A new benefit increase created by a
Public Act that does not include the additional funding
required under this subsection is null and void. If the Public
Pension Division determines that the additional funding
provided for a new benefit increase under this subsection is or
has become inadequate, it may so certify to the Governor and
the State Comptroller and, in the absence of corrective action
by the General Assembly, the new benefit increase shall expire
at the end of the fiscal year in which the certification is
made.
(d) Every new benefit increase shall expire 5 years after
its effective date or on such earlier date as may be specified
in the language enacting the new benefit increase or provided
under subsection (c). This does not prevent the General
Assembly from extending or re-creating a new benefit increase
by law.
(e) Except as otherwise provided in the language creating
the new benefit increase, a new benefit increase that expires
under this Section continues to apply to persons who applied
and qualified for the affected benefit while the new benefit
increase was in effect and to the affected beneficiaries and
alternate payees of such persons, but does not apply to any
other person, including without limitation a person who
continues in service after the expiration date and did not

HB2452 - 29 - LRB101 07898 RPS 52953 b
apply and qualify for the affected benefit while the new
benefit increase was in effect.
(Source: P.A. 100-23, eff. 7-6-17; 100-587, eff. 6-4-18;
100-769, eff. 8-10-18; revised 9-26-18.)
(40 ILCS 5/16-190.5)
Sec. 16-190.5. Accelerated pension benefit payment in lieu
of any pension benefit.
(a) As used in this Section:
"Eligible person" means a person who:
(1) has terminated service;
(2) has accrued sufficient service credit to be
eligible to receive a retirement annuity under this
Article;
(3) has not received any retirement annuity under this
Article; and
(4) has not made the election under Section 16-190.6 or
16-190.7.
"Pension benefit" means the benefits under this Article, or
Article 1 as it relates to those benefits, including any
anticipated annual increases, that an eligible person is
entitled to upon attainment of the applicable retirement age.
"Pension benefit" also includes applicable survivor's or
disability benefits.
(b) As soon as practical after the effective date of this
amendatory Act of the 100the General Assembly, the System shall

HB2452 - 30 - LRB101 07898 RPS 52953 b
calculate, using actuarial tables and other assumptions
adopted by the Board, the present value of pension benefits for
each eligible person who requests that information and shall
offer each eligible person the opportunity to irrevocably elect
to receive an amount determined by the System to be equal to
60% of the present value of his or her pension benefits in lieu
of receiving any pension benefit. The offer shall specify the
dollar amount that the eligible person will receive if he or
she so elects and shall expire when a subsequent offer is made
to an eligible person. The System shall make a good faith
effort to contact every eligible person to notify him or her of
the election.
Until June 30, 2021, an eligible person may irrevocably
elect to receive an accelerated pension benefit payment in the
amount that the System offers under this subsection in lieu of
receiving any pension benefit. A person who elects to receive
an accelerated pension benefit payment under this Section may
not elect to proceed under the Retirement Systems Reciprocal
Act with respect to service under this Article.
(c) A person's creditable service under this Article shall
be terminated upon the person's receipt of an accelerated
pension benefit payment under this Section, and no other
benefit shall be paid under this Article based on the
terminated creditable service, including any retirement,
survivor, or other benefit; except that to the extent that
participation, benefits, or premiums under the State Employees

HB2452 - 31 - LRB101 07898 RPS 52953 b
Group Insurance Act of 1971 are based on the amount of service
credit, the terminated service credit shall be used for that
purpose.
(d) If a person who has received an accelerated pension
benefit payment under this Section returns to active service
under this Article, then:
(1) Any benefits under the System earned as a result of
that return to active service shall be based solely on the
person's creditable service arising from the return to
active service.
(2) The accelerated pension benefit payment may not be
repaid to the System, and the terminated creditable service
may not under any circumstances be reinstated.
(e) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be transferred into a tax qualified retirement plan or account.
The accelerated pension benefit payment under this Section may
be subject to withholding or payment of applicable taxes, but
to the extent permitted by federal law, a person who receives
an accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(f) Upon receipt of a member's irrevocable election to
receive an accelerated pension benefit payment under this
Section, the System shall submit a voucher to the Comptroller

HB2452 - 32 - LRB101 07898 RPS 52953 b
for payment of the member's accelerated pension benefit
payment. The Comptroller shall transfer the amount of the
voucher from the State Pension Obligation Acceleration Bond
Fund to the System, and the System shall transfer the amount
into the member's eligible retirement plan or qualified
account.
(g) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(h) No provision of this amendatory Act of the 100th
General Assembly shall be interpreted in a way that would cause
the applicable System to cease to be a qualified plan under the
Internal Revenue Code of 1986.
(Source: P.A. 100-587, eff. 6-4-18.)
(40 ILCS 5/16-190.6)
Sec. 16-190.6. Accelerated pension benefit payment for a
reduction in annual retirement annuity and survivor's annuity
increases.
(a) As used in this Section:
"Accelerated pension benefit payment" means a lump sum
payment equal to 70% of the difference of the present value of
the automatic annual increases to a Tier 1 member's retirement
annuity and survivor's annuity using the formula applicable to
the Tier 1 member and the present value of the automatic annual
increases to the Tier 1 member's retirement annuity using the
formula provided under subsection (b-5) and the survivor's

HB2452 - 33 - LRB101 07898 RPS 52953 b
annuity using the formula provided under subsection (b-6).
"Eligible person" means a person who:
(1) is a Tier 1 member;
(2) has submitted an application for a retirement
annuity under this Article;
(3) meets the age and service requirements for
receiving a retirement annuity under this Article;
(4) has not received any retirement annuity under this
Article; and
(5) has not made the election under Section 16-190.5 or
16-190.7.
(b) As soon as practical after the effective date of this
amendatory Act of the 100th General Assembly and until June 30,
2021, the System shall implement an accelerated pension benefit
payment option for eligible persons. Upon the request of an
eligible person, the System shall calculate, using actuarial
tables and other assumptions adopted by the Board, an
accelerated pension benefit payment amount and shall offer that
eligible person the opportunity to irrevocably elect to have
his or her automatic annual increases in retirement annuity
calculated in accordance with the formula provided under
subsection (b-5) and any increases in survivor's annuity
payable to his or her survivor's annuity beneficiary calculated
in accordance with the formula provided under subsection (b-6)
in exchange for the accelerated pension benefit payment. The
election under this subsection must be made before the eligible

HB2452 - 34 - LRB101 07898 RPS 52953 b
person receives the first payment of a retirement annuity
otherwise payable under this Article.
(b-5) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be subject to annual increases on the
January 1 occurring either on or after the attainment of age 67
or the first anniversary of the annuity start date, whichever
is later. Each annual increase shall be calculated at 1.5% of
the originally granted retirement annuity.
(b-6) Notwithstanding any other provision of law, a
survivor's annuity payable to a survivor's annuity beneficiary
of a person who made the election under subsection (b) shall be
subject to annual increases on the January 1 occurring on or
after the first anniversary of the commencement of the annuity.
Each annual increase shall be calculated at 1.5% of the
originally granted survivor's annuity.
(c) If a person who has received an accelerated pension
benefit payment returns to active service under this Article,
then:
(1) the calculation of any future automatic annual
increase in retirement annuity shall be calculated in
accordance with the formula provided in subsection (b-5);
and
(2) the accelerated pension benefit payment may not be
repaid to the System.
(d) As a condition of receiving an accelerated pension

HB2452 - 35 - LRB101 07898 RPS 52953 b
benefit payment, the accelerated pension benefit payment must
be transferred into a tax qualified retirement plan or account.
The accelerated pension benefit payment under this Section may
be subject to withholding or payment of applicable taxes, but
to the extent permitted by federal law, a person who receives
an accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(d-5) Upon receipt of a member's irrevocable election to
receive an accelerated pension benefit payment under this
Section, the System shall submit a voucher to the Comptroller
for payment of the member's accelerated pension benefit
payment. The Comptroller shall transfer the amount of the
voucher from the State Pension Obligation Acceleration Bond
Fund to the System, and the System shall transfer the amount
into the member's eligible retirement plan or qualified
account.
(e) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(f) No provision of this Section shall be interpreted in a
way that would cause the applicable System to cease to be a
qualified plan under the Internal Revenue Code of 1986.
(Source: P.A. 100-587, eff. 6-4-18.)
(40 ILCS 5/16-190.7 new)

HB2452 - 36 - LRB101 07898 RPS 52953 b
Sec. 16-190.7. Accelerated pension benefit payment for a
reduction in retirement annuity.
(a) As used in this Section:
"Accelerated pension benefit payment" means a lump sum
payment equal to 50% of the difference of the net present value
of the Tier 1 member's retirement annuity, including the value
of the annual increases to that retirement annuity, and the
amount of the old-age insurance payments under the federal
Old-Age, Survivors, and Disability Insurance program
administered by the Social Security Administration, including
the value of the annual increases under subsection (d), that he
or she would have been entitled to, as determined by the Board,
if he or she had been eligible for Social Security coverage
with respect to his or her position.
"Eligible person" means a person who:
(1) is a Tier 1 member;
(2) does not have a Qualified Illinois Domestic
Relations Order in effect against him or her;
(4) has submitted an application for a retirement
annuity under this Article;
(5) meets the age and service requirements for
receiving a retirement annuity under this Article;
(6) has not received any retirement annuity under this
Article; and
(7) has not made the election under Section 16-190.5 or
16-190.6.

HB2452 - 37 - LRB101 07898 RPS 52953 b
"Implementation date" means the earliest date upon which
the Board authorizes eligible persons to begin irrevocably
electing the accelerated pension benefit payment option under
this Section. The Board shall endeavor to make such
participation available as soon as possible after the effective
date of this amendatory Act of the 101st General Assembly and
shall establish an implementation date by Board resolution.
(b) Beginning on the implementation date, the System shall
implement an accelerated pension benefit payment option for
eligible persons. Upon the request of an eligible person, the
System shall calculate, using actuarial tables and other
assumptions adopted by the Board, an accelerated pension
benefit payment amount and shall offer that eligible person the
opportunity to irrevocably elect to have his or her retirement
annuity reduced in accordance with the formula provided under
subsection (c) and his or her automatic annual increases in
retirement annuity calculated in accordance with the formula
provided under subsection (d) in exchange for the accelerated
pension benefit payment. In determining the amount of the
accelerated pension benefit payment, the System may use any
necessary assumptions about what the amounts of the old-age
insurance payments under the federal Old-Age, Survivors, and
Disability Insurance program would be for that eligible person.
The election under this subsection must be made before the
eligible person receives the first payment of a retirement
annuity otherwise payable under this Article.

HB2452 - 38 - LRB101 07898 RPS 52953 b
(c) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be equal to the amount of the old-age
insurance payment under the federal Old-Age, Survivors, and
Disability Insurance program that he or she would have been
entitled to, as determined by the Board, had he or she been
participating in Social Security with respect to his or her
employment under this Article.
(d) Notwithstanding any other provision of law, the
retirement annuity of a person who made the election under
subsection (b) shall be subject to annual increases on the
January 1 occurring either on or after the attainment of age 67
or the first anniversary of the annuity start date, whichever
is later. Each annual increase shall be the annual unadjusted
percentage increase (but not less than zero) in the consumer
price index-w for the 12 months ending with the September
preceding each November 1 of the originally granted retirement
annuity. If the annual unadjusted percentage change in the
consumer price index-w for the 12 months ending with the
September preceding each November 1 is zero or there is a
decrease, then the annuity shall not be increased.
For the purposes of this subsection, "consumer price
index-w" means the index published by the Bureau of Labor
Statistics of the United States Department of Labor that
measures the average change in prices of goods and services
purchased by Urban Wage Earners and Clerical Workers, United

HB2452 - 39 - LRB101 07898 RPS 52953 b
States city average, all items, 1982-84 = 100. The new amount
resulting from each annual adjustment shall be determined by
the Public Pension Division of the Department of Insurance and
made available to the boards of the retirement systems and
pension funds by November 1 of each year.
(e) If a person who has received an accelerated pension
benefit payment returns to active service under this Article,
then any change in the amount of retirement annuity shall be
calculated in accordance with subsection (c) and any future
automatic annual increase in retirement annuity shall be
calculated in accordance with the formula provided under
subsection (d).
(f) The accelerated pension benefit payment may not be
repaid to the System.
(g) As a condition of receiving an accelerated pension
benefit payment, the accelerated pension benefit payment must
be transferred into a tax qualified retirement plan or account.
The accelerated pension benefit payment under this Section may
be subject to withholding or payment of applicable taxes, but
to the extent permitted by federal law, a person who receives
an accelerated pension benefit payment under this Section must
direct the System to pay all of that payment as a rollover into
another retirement plan or account qualified under the Internal
Revenue Code of 1986, as amended.
(h) Upon receipt of a member's irrevocable election to
receive an accelerated pension benefit payment under this

HB2452 - 40 - LRB101 07898 RPS 52953 b
Section, the System shall submit a voucher to the Comptroller
for payment of the member's accelerated pension benefit
payment. The Comptroller shall transfer the amount of the
voucher to the System, and the System shall transfer the amount
into a member's eligible retirement plan or qualified account.
(i) The Board shall adopt any rules, including emergency
rules, necessary to implement this Section.
(j) No provision of this Section shall be interpreted in a
way that would cause the System to cease to be a qualified plan
under the Internal Revenue Code of 1986.
(40 ILCS 5/16-203)
Sec. 16-203. Application and expiration of new benefit
increases.
(a) As used in this Section, "new benefit increase" means
an increase in the amount of any benefit provided under this
Article, or an expansion of the conditions of eligibility for
any benefit under this Article, that results from an amendment
to this Code that takes effect after June 1, 2005 (the
effective date of Public Act 94-4). "New benefit increase",
however, does not include any benefit increase resulting from
the changes made to Article 1 or this Article by Public Act
95-910, Public Act 100-23, Public Act 100-587, Public Act
100-743, Public Act 100-769, or this amendatory Act of the
101st General Assembly or by this amendatory Act of the 100th
General Assembly.

HB2452 - 41 - LRB101 07898 RPS 52953 b
(b) Notwithstanding any other provision of this Code or any
subsequent amendment to this Code, every new benefit increase
is subject to this Section and shall be deemed to be granted
only in conformance with and contingent upon compliance with
the provisions of this Section.
(c) The Public Act enacting a new benefit increase must
identify and provide for payment to the System of additional
funding at least sufficient to fund the resulting annual
increase in cost to the System as it accrues.
Every new benefit increase is contingent upon the General
Assembly providing the additional funding required under this
subsection. The Commission on Government Forecasting and
Accountability shall analyze whether adequate additional
funding has been provided for the new benefit increase and
shall report its analysis to the Public Pension Division of the
Department of Insurance. A new benefit increase created by a
Public Act that does not include the additional funding
required under this subsection is null and void. If the Public
Pension Division determines that the additional funding
provided for a new benefit increase under this subsection is or
has become inadequate, it may so certify to the Governor and
the State Comptroller and, in the absence of corrective action
by the General Assembly, the new benefit increase shall expire
at the end of the fiscal year in which the certification is
made.
(d) Every new benefit increase shall expire 5 years after

HB2452 - 42 - LRB101 07898 RPS 52953 b
its effective date or on such earlier date as may be specified
in the language enacting the new benefit increase or provided
under subsection (c). This does not prevent the General
Assembly from extending or re-creating a new benefit increase
by law.
(e) Except as otherwise provided in the language creating
the new benefit increase, a new benefit increase that expires
under this Section continues to apply to persons who applied
and qualified for the affected benefit while the new benefit
increase was in effect and to the affected beneficiaries and
alternate payees of such persons, but does not apply to any
other person, including without limitation a person who
continues in service after the expiration date and did not
apply and qualify for the affected benefit while the new
benefit increase was in effect.
(Source: P.A. 100-23, eff. 7-6-17; 100-587, eff. 6-4-18;
100-743, eff. 8-10-18; 100-769, eff. 8-10-18; revised
10-15-18.)
Section 99. Effective date. This Act takes effect upon
becoming law.
HB2452 - 43 - LRB101 07898 RPS 52953 b
INDEX
Statutes amended in order of appearance