Bill Text: IL SB3109 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System to persons who became participants before the effective date of the amendatory Act and provides that, beginning on that date, the System shall not accept any new participants. Makes related changes. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-02-02 - Referred to Assignments [SB3109 Detail]

Download: Illinois-2023-SB3109-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB3109 Introduced 2/2/2024, by Sen. Win Stoller SYNOPSIS AS INTRODUCED:
40 ILCS 5/2-101 from Ch. 108 1/2, par. 2-101
40 ILCS 5/2-105 from Ch. 108 1/2, par. 2-105
40 ILCS 5/2-107 from Ch. 108 1/2, par. 2-107
Amends the General Assembly Article of the Illinois Pension Code. Restricts participation in the General Assembly Retirement System to persons who became participants before the effective date of the amendatory Act and provides that, beginning on that date, the System shall not accept any new participants. Makes related changes. Effective immediately.
LRB103 37851 RPS 67981 b
A BILL FOR
SB3109 LRB103 37851 RPS 67981 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by
changing Sections 2-101, 2-105, and 2-107 as follows:
(40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
Sec. 2-101. Creation of system. A retirement system is
created to provide retirement annuities, survivor's annuities
and other benefits for certain members of the General
Assembly, certain elected state officials, and their
beneficiaries.
The system shall be known as the "General Assembly
Retirement System". All its funds and property shall be a
trust separate from all other entities, maintained for the
purpose of securing payment of annuities and benefits under
this Article.
Participation in the retirement system created under this
Article is restricted to persons who became participants
before the effective date of this amendatory Act of the 103rd
General Assembly. Beginning on that date, the System shall not
accept any new participants.
(Source: P.A. 83-1440.)

SB3109 - 2 - LRB103 37851 RPS 67981 b
(40 ILCS 5/2-105) (from Ch. 108 1/2, par. 2-105)
Sec. 2-105. Member. "Member": Members of the General
Assembly of this State, including persons who enter military
service while a member of the General Assembly, and any person
serving as Governor, Lieutenant Governor, Secretary of State,
Treasurer, Comptroller, or Attorney General for the period of
service in such office.
Any person who has served for 10 or more years as Clerk or
Assistant Clerk of the House of Representatives, Secretary or
Assistant Secretary of the Senate, or any combination thereof,
may elect to become a member of this system while thenceforth
engaged in such service by filing a written election with the
board. Any person so electing shall be deemed an active member
of the General Assembly for the purpose of validating and
transferring any service credits earned under any of the funds
and systems established under Articles 3 through 18 of this
Code.
However, notwithstanding any other provision of this
Article, a person shall not be deemed a member for the purposes
of this Article unless he or she became a participant of the
System before the effective date of this amendatory Act of the
103rd General Assembly.
(Source: P.A. 85-1008.)
(40 ILCS 5/2-107) (from Ch. 108 1/2, par. 2-107)
Sec. 2-107. Participant. "Participant": Any member who

SB3109 - 3 - LRB103 37851 RPS 67981 b
elects to participate; and any former member who elects to
continue participation under Section 2-117.1, for the duration
of such continued participation. However, notwithstanding any
other provision of this Article, a person shall not be deemed a
participant for the purposes of this Article unless he or she
became a participant of the System before the effective date
of this amendatory Act of the 103rd General Assembly.
(Source: P.A. 86-1488.)