Illinois General Assembly - Full Text of HB5134

LRB104 18618 RPS 32061 b

104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
HB5134

Introduced 2/10/2026, by Rep. Stephanie A. Kifowit

SYNOPSIS AS INTRODUCED:

40 ILCS 5/15-177.7 new

Amends the State Universities Article of the Illinois Pension Code. Provides that "stakeholder" includes any organization that is a nonprofit organization that represents or serves at least 10% of either participants or annuitants of the System and whose primary purpose is as a membership organization serving either participants, annuitants, or both. Provides that the Board of Trustees of the System shall make an annual report available to stakeholders that includes a list of: (1) the name of each annuitant, the annuitant's last employer, and the zip code associated with the annuitant's address on file; and (2) the name of each active participant, the participant's current employer, and a zip code associated with the participant's address on file. Requires the report to be delivered electronically to stakeholders on August 1 of each year.

A BILL FOR

AN ACT concerning public employee benefits.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Pension Code is amended by adding Section 15-177.7 as follows:

(40 ILCS 5/15-177.7 new)

Sec. 15-177.7. Annual report to stakeholders.

(a) In this Section, "stakeholder" includes any organization that is a nonprofit organization that represents or serves at least 10% of either participants or annuitants of the System and whose primary purpose is as a membership organization serving either participants, annuitants, or both.

(b) The Board shall make an annual report available to stakeholders that includes a list of: (1) the name of each annuitant, the annuitant's last employer, and the zip code associated with the annuitant's address on file; and (2) the name of each active participant, the participant's current employer, and a zip code associated with the participant's address on file. The report shall be delivered electronically to stakeholders on August 1 of each year.