PEN CD-TIER 2 BENEFITS
Sponsored By: Robert F. Martwick (Democratic)
In Committee
Summary
Amends the Illinois Pension Code. Makes changes to Tier 2 benefits, including changing the amount of the automatic annual increase to 3% of the originally granted retirement annuity or 3% of the retirement annuity then being paid for the General Assembly and Judges Articles, changing the limit on the amount of salary for annuity purposes to the Social Security wage base, changing the calculation of final average salary to the Tier 1 calculation for persons who are active members on or after January 1, 2026, and changing the retirement age. Establishes an accelerated pension benefit payment option for the General Assembly, Chicago Teachers, and Judges Articles of the Code. Provides that, with regard to persons subject to the Tier 2 provisions, a security employee of the Department of Human Services, a security employee of the Department of Corrections or the Department of Juvenile Justice, an investigator for the Department of the Lottery, or a State highway worker is entitled to an annuity calculated under the alternative retirement annuity provisions of the State Employee Article of the Code. Authorizes the conversion of service to eligible creditable service. Provides that the Retirement Systems Reciprocal Act (Article 20 of the Code) is adopted and made a part of the Downstate Police, Downstate Firefighter, Chicago Police, and Chicago Firefighter Articles. Authorizes SLEP status under the Illinois Municipal Retirement Fund for a person who is a county correctional officer or probation officer and for a person who participates in IMRF and qualifies as a firefighter under the Public Safety Employee Benefits Act. In the Downstate Firefighter Article, includes a de facto firefighter in the definition of "firefighter". Defines "de facto firefighter". Provides that the monthly pension of a firefighter who is receiving a disability pension shall be increased at the rate of 3% of the original monthly pension. Makes changes to the minimum retirement annuity payable to a firefighter with 20 or more years of creditable service, the minimum disability pension, and the minimum surviving spouse's pension. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Robert F. Martwick
Democratic • Senate
Cosponsors
Doris Turner
Democratic • Senate
Graciela Guzmán
Democratic • Senate
Karina Villa
Democratic • Senate
Mark L. Walker
Democratic • Senate
Mary Edly-Allen
Democratic • Senate
Mike Simmons
Democratic • Senate
Rachel Ventura
Democratic • Senate
Ram Villivalam
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Added as Co-Sponsor Sen. Doris Turner
10/1/2025SenateAdded as Co-Sponsor Sen. Mike Simmons
7/24/2025SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
5/1/2025SenateAdded as Co-Sponsor Sen. Ram Villivalam
4/4/2025SenateAdded as Co-Sponsor Sen. Karina Villa
4/4/2025SenateAdded as Co-Sponsor Sen. Mark L. Walker
3/19/2025SenateAdded as Chief Co-Sponsor Sen. Graciela Guzmán
2/26/2025SenateAdded as Co-Sponsor Sen. Rachel Ventura
2/11/2025SenateReferred to Assignments
1/13/2025SenateFirst Reading
1/13/2025SenateFiled with Secretary by Sen. Robert F. Martwick
1/13/2025Senate
Bill Text
Introduced
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