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
 
SB3109LRB103 37851 RPS 67981 b


1 AN ACT concerning public employee benefits.

2 Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:

4 Section 5. The Illinois Pension Code is amended by 
5changing Sections 2-101, 2-105, and 2-107 as follows: 

6 (40 ILCS 5/2-101) (from Ch. 108 1/2, par. 2-101)
7 Sec. 2-101. Creation of system.  A retirement system is 
8created to provide retirement annuities, survivor's annuities 
9and other benefits for certain members of the General 
10Assembly, certain elected state officials, and their 
11beneficiaries. 
12 The system shall be known as the "General Assembly 
13Retirement System". All its funds and property shall be a 
14trust separate from all other entities, maintained for the 
15purpose of securing payment of annuities and benefits under 
16this Article. 
17 Participation in the retirement system created under this 
18Article is restricted to persons who became participants 
19before the effective date of this amendatory Act of the 103rd 
20General Assembly. Beginning on that date, the System shall not 
21accept any new participants. 
22(Source: P.A. 83-1440.)

 
 
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1 (40 ILCS 5/2-105) (from Ch. 108 1/2, par. 2-105)
2 Sec. 2-105. Member.  "Member": Members of the General 
3Assembly of this State, including persons who enter military 
4service while a member of the General Assembly, and any person 
5serving as Governor, Lieutenant Governor, Secretary of State, 
6Treasurer, Comptroller, or Attorney General for the period of 
7service in such office. 
8 Any person who has served for 10 or more years as Clerk or 
9Assistant Clerk of the House of Representatives, Secretary or 
10Assistant Secretary of the Senate, or any combination thereof, 
11may elect to become a member of this system while thenceforth 
12engaged in such service by filing a written election with the 
13board. Any person so electing shall be deemed an active member 
14of the General Assembly for the purpose of validating and 
15transferring any service credits earned under any of the funds 
16and systems established under Articles 3 through 18 of this 
17Code. 
18 However, notwithstanding any other provision of this 
19Article, a person shall not be deemed a member for the purposes 
20of this Article unless he or she became a participant of the 
21System before the effective date of this amendatory Act of the 
22103rd General Assembly. 
23(Source: P.A. 85-1008.)

24 (40 ILCS 5/2-107) (from Ch. 108 1/2, par. 2-107)
25 Sec. 2-107. Participant. "Participant": Any member who 
 
 
SB3109- 3 -LRB103 37851 RPS 67981 b


1elects to participate; and any former member who elects to 
2continue participation under Section 2-117.1, for the duration 
3of such continued participation. However, notwithstanding any 
4other provision of this Article, a person shall not be deemed a 
5participant for the purposes of this Article unless he or she 
6became a participant of the System before the effective date 
7of this amendatory Act of the 103rd General Assembly.
8(Source: P.A. 86-1488.)