IL SB2795 | 2019-2020 | 101st General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]

Summary

Amends the Illinois Pension Code. In the Illinois Municipal Retirement Fund (IMRF) Article, provides that retirement annuities shall be payable upon attainment of the required age of distribution under a specified provision of the Internal Revenue Code of 1986 (instead of age 70 1/2). In the State Universities Article, provides that if a participant is not an employee of an employer participating in the System or in a reciprocal system on April 1 of the calendar year next following the calendar year in which the participant attains the age specified under a provision of the Internal Revenue Code of 1986 (instead of the age of 70 1/2), the annuity payment period shall begin on that date. In a provision of the Downstate Teacher Article concerning the required distribution of monthly survivor benefits for certain persons, provides that the distribution shall become payable on certain dates or December 1 of the calendar year in which the deceased member or annuitant would have attained age 72 (instead of 70 1/2), whichever occurs latest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PENCD-BENEFIT DISTRIBUTION AGE

Sponsors


Roll Calls

2020-03-04 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]

History

DateChamberAction
2021-01-13SenateSession Sine Die
2021-01-08HouseReferred to Rules Committee
2021-01-08HouseFirst Reading
2020-06-22HouseChief House Sponsor Rep. Michael J. Zalewski
2020-03-04HouseArrived in House
2020-03-04SenateThird Reading - Passed; 056-000-000
2020-02-27SenatePlaced on Calendar Order of 3rd Reading March 3, 2020
2020-02-27SenateSecond Reading
2020-02-26SenatePlaced on Calendar Order of 2nd Reading February 27, 2020
2020-02-26SenateDo Pass as Amended Government Accountability and Ethics; 009-000-000
2020-02-26SenateSenate Committee Amendment No. 1 Adopted
2020-02-20SenateSenate Committee Amendment No. 1 Assignments Refers to Government Accountability and Ethics
2020-02-19SenatePostponed - Government Accountability and Ethics
2020-02-19SenateSenate Committee Amendment No. 1 Referred to Assignments
2020-02-19SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
2020-02-11SenateAssigned to Government Accountability and Ethics
2020-02-04SenateReferred to Assignments
2020-02-04SenateFirst Reading
2020-02-04SenateFiled with Secretary by Sen. Robert F. Martwick

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.44New CodeSee Bill Text
40515-135Amended CodeCitation Text
40516-142.3Amended CodeCitation Text
4057-141Amended CodeCitation Text

Illinois State Sources


Bill Comments

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