IllinoisHB1871104th General Assembly (2025–2026)HouseWALLET

PENCD-SERS-ALTERNATIVE ANNUITY

Sponsored By: Stephanie A. Kifowit (Democratic)

In Committee

Summary

Amends the State Employee Article of the Illinois Pension Code. Provides that a member who is eligible to receive an alternative retirement annuity may elect to receive an estimated payment that shall commence no later than 30 days after the later of either the member's last day of employment or 30 days after the member files for the retirement benefit with the System. Provides that the estimated payment shall be the best estimate by the System of the total monthly amount due to the member based on the information that the System possesses at the time of the estimate. Provides that if the amount of the estimate is greater or less than the actual amount of the monthly annuity, the System shall pay or recover the difference within 6 months after the start of the monthly annuity. Excludes a benefit increase resulting from the amendatory Act from the definition of "new benefit increase". Effective immediately.

personnel & pensions

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Stephanie A. Kifowit

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 11 • No: 0

House vote • 3/6/2025

Do Pass / Short Debate Personnel & Pensions Committee;

Yes: 11 • No: 0

Actions Timeline

  1. Rule 19(a) / Re-referred to Rules Committee

    4/11/2025House
  2. Held on Calendar Order of Second Reading - Short Debate

    3/26/2025House
  3. Second Reading - Short Debate

    3/26/2025House
  4. Placed on Calendar 2nd Reading - Short Debate

    3/6/2025House
  5. Do Pass / Short Debate Personnel & Pensions Committee; 011-000-000

    3/6/2025House
  6. Assigned to Personnel & Pensions Committee

    2/25/2025House
  7. Referred to Rules Committee

    1/29/2025House
  8. First Reading

    1/29/2025House
  9. Filed with the Clerk by Rep. Stephanie A. Kifowit

    1/29/2025House

Bill Text

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