IllinoisSB1925104th General Assembly (2025–2026)Senate

PEN CD-IMRF-MUNI CONTRIBUTION

Sponsored By: Michael W. Halpin (Democratic)

In Committee

Summary

Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. In a provision requiring a participating municipality or participating instrumentality to pay an additional contribution to the Fund for certain earnings increases above 6% or 1.5 times the annual increase in the consumer price index-u, whichever is greater, provides that the payments must be concluded within 7 years (instead of 3 years) after receipt of the bill by the participating municipality or participating instrumentality. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Michael W. Halpin

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    3/21/2025Senate
  2. Assigned to Pensions

    3/12/2025Senate
  3. Referred to Assignments

    2/6/2025Senate
  4. First Reading

    2/6/2025Senate
  5. Filed with Secretary by Sen. Michael W. Halpin

    2/6/2025Senate

Bill Text

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