Illinois Code | Chapter 5 Article 375 Section 3 | Bills

Type

Status

State	Bill	Status	Summary/Title	Last Action
IL	HB4699	Intro 25%	Amends the General Assembly Article of the Illinois Pension Code. Requires the System to implement a Tier 3 plan by July 1, 2025 that aggregates State and employee contributions in individual participant accounts that are used for payouts after retir... [Detail][Text][Discuss]	2024-04-05 To House Rules Committee
IL	HB5797	Intro 25%	Amends the State Employees Group Insurance Act of 1971. Adds to the definition of "community college benefit recipient" a person who is receiving retirement income from a self-managed plan account under the State Universities Article of the Illinois ... [Detail][Text][Discuss]	2024-04-02 To House Rules Committee
IL	SB3073	Intro 25%	Amends the Illinois Pension Code. Requires the State Employees' Retirement System of Illinois to prepare and implement a defined contribution plan by July 1, 2026 that aggregates State and employee contributions in individual participant accounts tha... [Detail][Text][Discuss]	2024-02-02 To Senate Assignments Committee
IL	HB2589	Intro 25%	Amends the Illinois Pension Code. With respect to the 5 State-funded Retirement Systems: requires each System to implement a Tier 3 plan by July 1, 2024 that aggregates State and employee contributions in individual participant accounts which are use... [Detail][Text][Discuss]	2023-02-15 To House Rules Committee
IL	SB1516	Intro 25%	Amends the Illinois Pension Code. Requires the State Employees' Retirement System of Illinois to prepare and implement a defined contribution plan by July 1, 2025 that aggregates State and employee contributions in individual participant accounts tha... [Detail][Text][Discuss]	2023-02-08 To Senate Assignments Committee