Bill Title: Amends the State Employee Article of the Illinois Pension Code. Includes persons employed on a full-time basis by the Illinois Department of Transportation in the positions of sign hanger and sign hanger foreman in the definition of "State highway maintenance worker". Provides that a person who is employed on a full-time basis by the Illinois Department of Transportation in the position of sign hanger or sign hanger foreman may elect to convert service credit earned to eligible creditable service under the alternative annuity formula by filing a written election with the Board and paying a specified amount to the System. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Engrossed) 2024-04-19 - Referred to Assignments [HB5261 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2024-04-11	HTML/Text	Link	View
Introduced	2024-02-08	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB5261

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB5261 currently on file.

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