IllinoisSB3389104th General Assembly (2025–2026)Senate

PEN CD-TRS-SELF-MANAGED PLAN

Sponsored By: Li Arellano, Jr. (Republican)

In Committee

Summary

Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that employers under the Article may elect to establish a self-managed plan for members as an alternative to the traditional benefit package. Provides that an employee of an employer that establishes a self-managed plan shall be given the choice to elect which retirement program he or she wishes to participate in with respect to all periods of covered employment occurring on and after the effective date of the employee's election. Sets forth provisions concerning definitions, adoption of the self-managed plan by employers, selection of service providers, establishment of an initial account balance, employee and employer contributions, plan termination, vesting, and benefit amounts. 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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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Li Arellano, Jr.

    Republican • Senate

Cosponsors

  • Chris Balkema

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Chris Balkema

    3/4/2026Senate
  2. Referred to Assignments

    2/4/2026Senate
  3. First Reading

    2/4/2026Senate
  4. Filed with Secretary by Sen. Li Arellano, Jr.

    2/4/2026Senate

Bill Text

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