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 Bill Status of SB2607  100th General Assembly

Short Description:  PEN CD-TIER 2 STATE POLICE

Senate Sponsors
Sen. John G. Mulroe and Martin A. Sandoval

Licensed Activities and Pensions Hearing Feb 21 2018 1:30PM Capitol 400 Springfield, IL

Last Action
DateChamber Action
  2/14/2018SenateAssigned to Licensed Activities and Pensions

Statutes Amended In Order of Appearance
40 ILCS 5/1-160

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that a State policeman who meets the requirements of the Tier 2 provisions is entitled to an annuity calculated under the alternative retirement annuity provisions of the State Employee Article of the Code in lieu of the regular or minimum retirement annuity only if the person has withdrawn from service with not less than 20 years of eligible creditable service and has attained age 50 (instead of age 60), regardless of whether the attainment of age 50 (instead of age 60) occurs while the person is still in service. Provides that the changes made by the amendatory Act apply without regard to whether a person is in active service on or after the effective date of the amendatory Act. Excludes a benefit increase resulting from the amendatory Act from the definition of "new benefit increase". Effective immediately.

DateChamber Action
  2/7/2018SenateFiled with Secretary by Sen. John G. Mulroe
  2/7/2018SenateFirst Reading
  2/7/2018SenateReferred to Assignments
  2/7/2018SenateAdded as Co-Sponsor Sen. Martin A. Sandoval
  2/14/2018SenateAssigned to Licensed Activities and Pensions

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