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Illinois House Bill HB2477

Illinois 2025-2026 Regular Session

Illinois House Bill HB2477 Compare Versions

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11 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2477 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED: 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-19830 ILCS 805/8.49 new Amends the Illinois Pension Code. In the State Universities Article, provides that a Tier 2 member who has at least 20 years of service in the System as a police officer 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 any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Amends the State Mandates Act to require implementation without reimbursement. LRB104 08598 RPS 18650 b STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2477 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED: 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-19830 ILCS 805/8.49 new 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 40 ILCS 5/15-198 30 ILCS 805/8.49 new Amends the Illinois Pension Code. In the State Universities Article, provides that a Tier 2 member who has at least 20 years of service in the System as a police officer 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 any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Amends the State Mandates Act to require implementation without reimbursement. LRB104 08598 RPS 18650 b LRB104 08598 RPS 18650 b STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY A BILL FOR
22 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2477 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
33 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-19830 ILCS 805/8.49 new 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 40 ILCS 5/15-198 30 ILCS 805/8.49 new
44 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135
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66 30 ILCS 805/8.49 new
77 Amends the Illinois Pension Code. In the State Universities Article, provides that a Tier 2 member who has at least 20 years of service in the System as a police officer 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 any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Amends the State Mandates Act to require implementation without reimbursement.
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1515 1 AN ACT concerning public employee benefits.
1616 2 Be it enacted by the People of the State of Illinois,
1717 3 represented in the General Assembly:
1818 4 Section 5. The Illinois Pension Code is amended by
1919 5 changing Sections 15-135 and 15-198 as follows:
2020 6 (40 ILCS 5/15-135) (from Ch. 108 1/2, par. 15-135)
2121 7 Sec. 15-135. Retirement annuities; conditions.
2222 8 (a) This subsection (a) applies only to a Tier 1 member. A
2323 9 participant who retires in one of the following specified
2424 10 years with the specified amount of service is entitled to a
2525 11 retirement annuity at any age under the retirement program
2626 12 applicable to the participant:
2727 13 35 years if retirement is in 1997 or before;
2828 14 34 years if retirement is in 1998;
2929 15 33 years if retirement is in 1999;
3030 16 32 years if retirement is in 2000;
3131 17 31 years if retirement is in 2001;
3232 18 30 years if retirement is in 2002 or later.
3333 19 A participant with 8 or more years of service after
3434 20 September 1, 1941, is entitled to a retirement annuity on or
3535 21 after attainment of age 55.
3636 22 A participant with at least 5 but less than 8 years of
3737 23 service after September 1, 1941, is entitled to a retirement
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4141 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 HB2477 Introduced , by Rep. Stephanie A. Kifowit SYNOPSIS AS INTRODUCED:
4242 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-13540 ILCS 5/15-19830 ILCS 805/8.49 new 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135 40 ILCS 5/15-198 30 ILCS 805/8.49 new
4343 40 ILCS 5/15-135 from Ch. 108 1/2, par. 15-135
4444 40 ILCS 5/15-198
4545 30 ILCS 805/8.49 new
4646 Amends the Illinois Pension Code. In the State Universities Article, provides that a Tier 2 member who has at least 20 years of service in the System as a police officer 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 any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Amends the State Mandates Act to require implementation without reimbursement.
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4949 STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
5050 STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT MAY APPLY
5151 A BILL FOR
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8282 1 annuity on or after attainment of age 62.
8383 2 A participant who has at least 25 years of service in this
8484 3 system as a police officer or firefighter is entitled to a
8585 4 retirement annuity on or after the attainment of age 50, if
8686 5 Rule 4 of Section 15-136 is applicable to the participant.
8787 6 (a-5) A Tier 2 member is entitled to a retirement annuity
8888 7 upon written application if he or she has attained age 67 and
8989 8 has at least 10 years of service credit and is otherwise
9090 9 eligible under the requirements of this Article. A Tier 2
9191 10 member who has attained age 62 and has at least 10 years of
9292 11 service credit and is otherwise eligible under the
9393 12 requirements of this Article may elect to receive the lower
9494 13 retirement annuity provided in subsection (b-5) of Section
9595 14 15-136 of this Article.
9696 15 (a-10) A Tier 2 member who has at least 20 years of service
9797 16 in this system as a police officer or firefighter is entitled
9898 17 to a retirement annuity upon written application on or after
9999 18 the attainment of age 60 if Rule 4 of Section 15-136 is
100100 19 applicable to the participant. A Tier 2 member who has at least
101101 20 20 years of service in this system as a police officer is
102102 21 entitled to a retirement annuity upon written application on
103103 22 or after the attainment of age 55 if Rule 4 of Section 15-136
104104 23 is applicable to the participant. The changes made to this
105105 24 subsection by this amendatory Act of the 101st General
106106 25 Assembly apply retroactively to January 1, 2011.
107107 26 (b) The annuity payment period shall begin on the date
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118118 1 specified by the participant or the recipient of a disability
119119 2 retirement annuity submitting a written application. For a
120120 3 participant, the date on which the annuity payment period
121121 4 begins shall not be prior to termination of employment or more
122122 5 than one year before the application is received by the board;
123123 6 however, if the participant is not an employee of an employer
124124 7 participating in this System or in a participating system as
125125 8 defined in Article 20 of this Code on April 1 of the calendar
126126 9 year next following the calendar year in which the participant
127127 10 attains the age specified under Section 401(a)(9) of the
128128 11 Internal Revenue Code of 1986, as amended, the annuity payment
129129 12 period shall begin on that date regardless of whether an
130130 13 application has been filed. For a recipient of a disability
131131 14 retirement annuity, the date on which the annuity payment
132132 15 period begins shall not be prior to the discontinuation of the
133133 16 disability retirement annuity under Section 15-153.2.
134134 17 (c) An annuity is not payable if the amount provided under
135135 18 Section 15-136 is less than $10 per month.
136136 19 (Source: P.A. 101-610, eff. 1-1-20; 102-210, eff. 7-30-21.)
137137 20 (40 ILCS 5/15-198)
138138 21 Sec. 15-198. Application and expiration of new benefit
139139 22 increases.
140140 23 (a) As used in this Section, "new benefit increase" means
141141 24 an increase in the amount of any benefit provided under this
142142 25 Article, or an expansion of the conditions of eligibility for
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153153 1 any benefit under this Article, that results from an amendment
154154 2 to this Code that takes effect after June 1, 2005 (the
155155 3 effective date of Public Act 94-4). "New benefit increase",
156156 4 however, does not include any benefit increase resulting from
157157 5 the changes made to Article 1 or this Article by Public Act
158158 6 100-23, Public Act 100-587, Public Act 100-769, Public Act
159159 7 101-10, Public Act 101-610, Public Act 102-16, Public Act
160160 8 103-80, or Public Act 103-548, or this amendatory Act of the
161161 9 104th General Assembly.
162162 10 (b) Notwithstanding any other provision of this Code or
163163 11 any subsequent amendment to this Code, every new benefit
164164 12 increase is subject to this Section and shall be deemed to be
165165 13 granted only in conformance with and contingent upon
166166 14 compliance with the provisions of this Section.
167167 15 (c) The Public Act enacting a new benefit increase must
168168 16 identify and provide for payment to the System of additional
169169 17 funding at least sufficient to fund the resulting annual
170170 18 increase in cost to the System as it accrues.
171171 19 Every new benefit increase is contingent upon the General
172172 20 Assembly providing the additional funding required under this
173173 21 subsection. The Commission on Government Forecasting and
174174 22 Accountability shall analyze whether adequate additional
175175 23 funding has been provided for the new benefit increase and
176176 24 shall report its analysis to the Public Pension Division of
177177 25 the Department of Insurance. A new benefit increase created by
178178 26 a Public Act that does not include the additional funding
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189189 1 required under this subsection is null and void. If the Public
190190 2 Pension Division determines that the additional funding
191191 3 provided for a new benefit increase under this subsection is
192192 4 or has become inadequate, it may so certify to the Governor and
193193 5 the State Comptroller and, in the absence of corrective action
194194 6 by the General Assembly, the new benefit increase shall expire
195195 7 at the end of the fiscal year in which the certification is
196196 8 made.
197197 9 (d) Every new benefit increase shall expire 5 years after
198198 10 its effective date or on such earlier date as may be specified
199199 11 in the language enacting the new benefit increase or provided
200200 12 under subsection (c). This does not prevent the General
201201 13 Assembly from extending or re-creating a new benefit increase
202202 14 by law.
203203 15 (e) Except as otherwise provided in the language creating
204204 16 the new benefit increase, a new benefit increase that expires
205205 17 under this Section continues to apply to persons who applied
206206 18 and qualified for the affected benefit while the new benefit
207207 19 increase was in effect and to the affected beneficiaries and
208208 20 alternate payees of such persons, but does not apply to any
209209 21 other person, including, without limitation, a person who
210210 22 continues in service after the expiration date and did not
211211 23 apply and qualify for the affected benefit while the new
212212 24 benefit increase was in effect.
213213 25 (Source: P.A. 102-16, eff. 6-17-21; 103-80, eff. 6-9-23;
214214 26 103-548, eff. 8-11-23; 103-605, eff. 7-1-24.)
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225225 1 Section 90. The State Mandates Act is amended by adding
226226 2 Section 8.49 as follows:
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