Bill Texts: IL SB1518 | 2023-2024 | 103rd General Assembly
Bill Title: Amends the General Provisions and State Employee Articles of the Illinois Pension Code. Provides that the alternative retirement annuity under the State Employee Article applies to a security employee of the Department of Human Services subject to the Tier 2 provisions. Provides that a security employee of the Department of Human Services subject to the Tier 2 provisions may convert up to 8 years of service credit established before the effective date of the amendatory Act as a security employee of the Department of Human Services under the State Employee Article into eligible creditable service by filing a written election with the Board under that Article, accompanied by a specified payment. Excludes a benefit increase resulting from the amendatory Act from the definition of "new benefit increase". Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2023-02-08 - Referred to Assignments [SB1518 Detail]
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2023-02-08 - Referred to Assignments [SB1518 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
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Introduced | 2023-02-08 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
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No bill amendments currently on file for Illinois SB1518 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
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No supplemental documents for Illinois SB1518 currently on file. |