Bill Title: Amends the State Employee, Illinois Municipal Retirement Fund (IMRF), and Deferred Compensation Articles of the Illinois Pension Code. Creates a deferred retirement option plan (DROP) for certain sheriff's law enforcement employees and State policemen who are eligible to retire and meet other criteria. Provides that a participant in the DROP may elect to participate for up to 5 years. Provides that on the effective date of the member's election, the System or Fund shall credit the member's account on a monthly basis, for as long as the member participates in the DROP, an amount equal to the monthly amount of retirement annuity the member would otherwise be eligible to receive had the member retired on the date of the election. Sets forth other provisions concerning interest on the account; termination of the DROP; and contributions. Provides that a State policeman, investigator for the Secretary of State, conservation police officer, investigator for the Department of Revenue or the Illinois Gaming Board, investigator for the Office of the Attorney General, Illinois Commerce Commission police officer, or arson investigator under the Tier 2 provisions is entitled to an annuity calculated under the alternative retirement formula, in lieu of the regular or minimum retirement annuity, only if the person has withdrawn from service with not less than 20 years of eligible creditable service and has attained age 55 (instead of age 60), regardless of whether the attainment of age 55 (instead of age 60) occurs while the person is still in service. In the Deferred Compensation Article, provides that an employee under the State Employee Article who participates in the deferred retirement option plan shall have at least 7.6% of his or her pretax gross compensation for each compensation period deferred into his or her deferred compensation account. Amends the Illinois Administrative Procedure Act to authorize the Board of Trustees of the State Employees' Retirement System to adopt emergency rules. Amends the Law Enforcement Intern Training Act. Provides that the Illinois Law Enforcement Training Standards Board shall collaborate with the Illinois Community College Board and the Board of Higher Education to create a report with recommendations to the General Assembly for establishing minimum requirements for credits that may transfer from public institutions of higher education to satisfy the requirements of law enforcement and correctional intern courses under the Act. Amends the Department of Revenue Law of the Civil Administrative Code of Illinois, the Counties Code, the Illinois Gambling Act, the Unified Code of Corrections, and the Probation and Probation Officers Act. Provides that programs shall be established for specified officers, investigators, agents, and employees who are retiring in good standing to purchase either one or both of the following: (1) any badge previously issued to the individual; or (2) if the individual has a currently valid Firearm Owner's Identification Card, the service firearm issued or previously issued to the individual. Amends the Illinois Police Training Act. Creates the Illinois Law Enforcement Recruitment and Retention Board to review proposals and award grants for recruitment and retention efforts proposed by employers of law enforcement personnel in Illinois or nonprofit entities that have established experience in recruitment and retention efforts in Illinois. Effective immediately, except that the provisions amending the Illinois Police Training Act are effective July 1, 2023, and provisions amending the Law Enforcement Intern Training Act are effective January 1, 2023.

Spectrum: Partisan Bill (Democrat 44-0)

Status: (Passed) 2022-05-06 - Public Act . . . . . . . . . 102-0719 [HB1568 Detail]

Text: Latest bill text (Chaptered) [HTML]

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