Bill Title: Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. In a provision authorizing a participating employer to create an early retirement incentive program if the participating employer adopts a specified resolution or ordinance, provides that the resolution or ordinance must contain language specifying that a person who retires under the early retirement incentive program shall lose those incentives if he or she later accepts employment with or enters into a personal services contract with any IMRF employer (instead of any IMRF employer in a position for which participation in IMRF is required or is elected by the employee). Effective immediately.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2022-05-13 - Public Act . . . . . . . . . 102-0850 [SB3652 Detail]

Text: Latest bill text (Chaptered) [HTML]

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