Bill Text: IL SB2678 | 2023-2024 | 103rd General Assembly | Introduced

Illinois Senate Bill 2678

Introduced

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-10 - Referred to Assignments [SB2678 Detail]

Download: Illinois-2023-SB2678-Introduced.html

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

SB2678

LRB103 35900 RPS 65985 b

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 adding

5 Sections 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

8 Retirement Systems Reciprocal Act, Article 20 of this Code, is

9 adopted and made a part of this Article, but only with respect

10 to a person who, on or after the effective date of this

11 amendatory Act of the 103rd General Assembly, is entitled

12 under this Article or through a participating system under the

13 Retirement Systems Reciprocal Act, as defined in Section

14 20-108, to begin receiving a retirement annuity or survivor's

15 annuity (as those terms are defined in Article 20) and who

16 elects 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

19 Retirement Systems Reciprocal Act, Article 20 of this Code, is

20 adopted and made a part of this Article, but only with respect

21 to a person who, on or after the effective date of this

22 amendatory Act of the 103rd General Assembly, is entitled

SB2678

- 2 -

LRB103 35900 RPS 65985 b

1 under this Article or through a participating system under the

2 Retirement Systems Reciprocal Act, as defined in Section

3 20-108, to begin receiving a retirement annuity or survivor's

4 annuity (as those terms are defined in Article 20) and who

5 elects to proceed under the Retirement Systems Reciprocal Act.

6 (40 ILCS 5/5-240 new)

7 Sec. 5-240. Retirement Systems Reciprocal Act. The