Illinois 2025-2026 Regular Session

Illinois House Bill HB2332 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2332 Introduced , by Rep. Katie Stuart SYNOPSIS AS INTRODUCED: 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-198 Amends the State Universities Article of the Illinois Pension Code. Provides that a Tier 2 member who has at least 20 years of service in this system as a police officer or firefighter is entitled to a retirement annuity upon written application on or after the attainment of age 55 (instead of age 60) if a specified rule is applicable to the participant. Provides that the changes apply retroactively to January 1, 2011. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". LRB104 09770 RPS 19836 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2332 Introduced , by Rep. Katie Stuart SYNOPSIS AS INTRODUCED: 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-198 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 40 ILCS 5/15-198 Amends the State Universities Article of the Illinois Pension Code. Provides that a Tier 2 member who has at least 20 years of service in this system as a police officer or firefighter is entitled to a retirement annuity upon written application on or after the attainment of age 55 (instead of age 60) if a specified rule is applicable to the participant. Provides that the changes apply retroactively to January 1, 2011. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". LRB104 09770 RPS 19836 b LRB104 09770 RPS 19836 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2332 Introduced , by Rep. Katie Stuart SYNOPSIS AS INTRODUCED:
3	3	40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-198 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 40 ILCS 5/15-198
4	4	40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135
5	5	40 ILCS 5/15-198
6	6	Amends the State Universities Article of the Illinois Pension Code. Provides that a Tier 2 member who has at least 20 years of service in this system as a police officer or firefighter is entitled to a retirement annuity upon written application on or after the attainment of age 55 (instead of age 60) if a specified rule is applicable to the participant. Provides that the changes apply retroactively to January 1, 2011. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase".
7	7	LRB104 09770 RPS 19836 b LRB104 09770 RPS 19836 b
8	8	LRB104 09770 RPS 19836 b
9	9	A BILL FOR
10	10	HB2332LRB104 09770 RPS 19836 b HB2332 LRB104 09770 RPS 19836 b
11	11	HB2332 LRB104 09770 RPS 19836 b
12	12	1 AN ACT concerning public employee benefits.
13	13	2 Be it enacted by the People of the State of Illinois,
14	14	3 represented in the General Assembly:
15	15	4 Section 5. The Illinois Pension Code is amended by
16	16	5 changing Sections 15-135 and 15-198 as follows:
17	17	6 (40 ILCS 5/15-135) (from Ch. 108 1/2, par. 15-135)
18	18	7 Sec. 15-135. Retirement annuities; conditions.
19	19	8 (a) This subsection (a) applies only to a Tier 1 member. A
20	20	9 participant who retires in one of the following specified
21	21	10 years with the specified amount of service is entitled to a
22	22	11 retirement annuity at any age under the retirement program
23	23	12 applicable to the participant:
24	24	13 35 years if retirement is in 1997 or before;
25	25	14 34 years if retirement is in 1998;
26	26	15 33 years if retirement is in 1999;
27	27	16 32 years if retirement is in 2000;
28	28	17 31 years if retirement is in 2001;
29	29	18 30 years if retirement is in 2002 or later.
30	30	19 A participant with 8 or more years of service after
31	31	20 September 1, 1941, is entitled to a retirement annuity on or
32	32	21 after attainment of age 55.
33	33	22 A participant with at least 5 but less than 8 years of
34	34	23 service after September 1, 1941, is entitled to a retirement
35	35
36	36
37	37
38	38	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2332 Introduced , by Rep. Katie Stuart SYNOPSIS AS INTRODUCED:
39	39	40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-198 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 40 ILCS 5/15-198
40	40	40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135
41	41	40 ILCS 5/15-198
42	42	Amends the State Universities Article of the Illinois Pension Code. Provides that a Tier 2 member who has at least 20 years of service in this system as a police officer or firefighter is entitled to a retirement annuity upon written application on or after the attainment of age 55 (instead of age 60) if a specified rule is applicable to the participant. Provides that the changes apply retroactively to January 1, 2011. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase".
43	43	LRB104 09770 RPS 19836 b LRB104 09770 RPS 19836 b
44	44	LRB104 09770 RPS 19836 b
45	45	A BILL FOR
46	46
47	47
48	48
49	49
50	50
51	51	40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135
52	52	40 ILCS 5/15-198
53	53
54	54
55	55
56	56	LRB104 09770 RPS 19836 b
57	57
58	58
59	59
60	60
61	61
62	62
63	63
64	64
65	65
66	66	HB2332 LRB104 09770 RPS 19836 b
67	67
68	68
69	69	HB2332- 2 -LRB104 09770 RPS 19836 b HB2332 - 2 - LRB104 09770 RPS 19836 b
70	70	HB2332 - 2 - LRB104 09770 RPS 19836 b
71	71	1 annuity on or after attainment of age 62.
72	72	2 A participant who has at least 25 years of service in this
73	73	3 system as a police officer or firefighter is entitled to a
74	74	4 retirement annuity on or after the attainment of age 50, if
75	75	5 Rule 4 of Section 15-136 is applicable to the participant.
76	76	6 (a-5) A Tier 2 member is entitled to a retirement annuity
77	77	7 upon written application if he or she has attained age 67 and
78	78	8 has at least 10 years of service credit and is otherwise
79	79	9 eligible under the requirements of this Article. A Tier 2
80	80	10 member who has attained age 62 and has at least 10 years of
81	81	11 service credit and is otherwise eligible under the
82	82	12 requirements of this Article may elect to receive the lower
83	83	13 retirement annuity provided in subsection (b-5) of Section
84	84	14 15-136 of this Article.
85	85	15 (a-10) A Tier 2 member who has at least 20 years of service
86	86	16 in this system as a police officer or firefighter is entitled
87	87	17 to a retirement annuity upon written application on or after
88	88	18 the attainment of age 55 60 if Rule 4 of Section 15-136 is
89	89	19 applicable to the participant. The changes made to this
90	90	20 subsection by this amendatory Act of the 104th General
91	91	21 Assembly this amendatory Act of the 101st General Assembly
92	92	22 apply retroactively to January 1, 2011.
93	93	23 (b) The annuity payment period shall begin on the date
94	94	24 specified by the participant or the recipient of a disability
95	95	25 retirement annuity submitting a written application. For a
96	96	26 participant, the date on which the annuity payment period
97	97
98	98
99	99
100	100
101	101
102	102	HB2332 - 2 - LRB104 09770 RPS 19836 b
103	103
104	104
105	105	HB2332- 3 -LRB104 09770 RPS 19836 b HB2332 - 3 - LRB104 09770 RPS 19836 b
106	106	HB2332 - 3 - LRB104 09770 RPS 19836 b
107	107	1 begins shall not be prior to termination of employment or more
108	108	2 than one year before the application is received by the board;
109	109	3 however, if the participant is not an employee of an employer
110	110	4 participating in this System or in a participating system as
111	111	5 defined in Article 20 of this Code on April 1 of the calendar
112	112	6 year next following the calendar year in which the participant
113	113	7 attains the age specified under Section 401(a)(9) of the
114	114	8 Internal Revenue Code of 1986, as amended, the annuity payment
115	115	9 period shall begin on that date regardless of whether an
116	116	10 application has been filed. For a recipient of a disability
117	117	11 retirement annuity, the date on which the annuity payment
118	118	12 period begins shall not be prior to the discontinuation of the
119	119	13 disability retirement annuity under Section 15-153.2.
120	120	14 (c) An annuity is not payable if the amount provided under
121	121	15 Section 15-136 is less than $10 per month.
122	122	16 (Source: P.A. 101-610, eff. 1-1-20; 102-210, eff. 7-30-21.)
123	123	17 (40 ILCS 5/15-198)
124	124	18 Sec. 15-198. Application and expiration of new benefit
125	125	19 increases.
126	126	20 (a) As used in this Section, "new benefit increase" means
127	127	21 an increase in the amount of any benefit provided under this
128	128	22 Article, or an expansion of the conditions of eligibility for
129	129	23 any benefit under this Article, that results from an amendment
130	130	24 to this Code that takes effect after June 1, 2005 (the
131	131	25 effective date of Public Act 94-4). "New benefit increase",
132	132
133	133
134	134
135	135
136	136
137	137	HB2332 - 3 - LRB104 09770 RPS 19836 b
138	138
139	139
140	140	HB2332- 4 -LRB104 09770 RPS 19836 b HB2332 - 4 - LRB104 09770 RPS 19836 b
141	141	HB2332 - 4 - LRB104 09770 RPS 19836 b
142	142	1 however, does not include any benefit increase resulting from
143	143	2 the changes made to Article 1 or this Article by Public Act
144	144	3 100-23, Public Act 100-587, Public Act 100-769, Public Act
145	145	4 101-10, Public Act 101-610, Public Act 102-16, Public Act
146	146	5 103-80, or Public Act 103-548, or this amendatory Act of the
147	147	6 104th General Assembly.
148	148	7 (b) Notwithstanding any other provision of this Code or
149	149	8 any subsequent amendment to this Code, every new benefit
150	150	9 increase is subject to this Section and shall be deemed to be
151	151	10 granted only in conformance with and contingent upon
152	152	11 compliance with the provisions of this Section.
153	153	12 (c) The Public Act enacting a new benefit increase must
154	154	13 identify and provide for payment to the System of additional
155	155	14 funding at least sufficient to fund the resulting annual
156	156	15 increase in cost to the System as it accrues.
157	157	16 Every new benefit increase is contingent upon the General
158	158	17 Assembly providing the additional funding required under this
159	159	18 subsection. The Commission on Government Forecasting and
160	160	19 Accountability shall analyze whether adequate additional
161	161	20 funding has been provided for the new benefit increase and
162	162	21 shall report its analysis to the Public Pension Division of
163	163	22 the Department of Insurance. A new benefit increase created by
164	164	23 a Public Act that does not include the additional funding
165	165	24 required under this subsection is null and void. If the Public
166	166	25 Pension Division determines that the additional funding
167	167	26 provided for a new benefit increase under this subsection is
168	168
169	169
170	170
171	171
172	172
173	173	HB2332 - 4 - LRB104 09770 RPS 19836 b
174	174
175	175
176	176	HB2332- 5 -LRB104 09770 RPS 19836 b HB2332 - 5 - LRB104 09770 RPS 19836 b
177	177	HB2332 - 5 - LRB104 09770 RPS 19836 b
178	178
179	179
180	180
181	181
182	182
183	183	HB2332 - 5 - LRB104 09770 RPS 19836 b