Bill Status of HB4363

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HB4363 - 104th General Assembly

PEN CD/GROUP INS-SURS SMP
Last Action
1/14/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Sharon Chung
Statutes Amended In Order of Appearance
5 ILCS 375/3from Ch. 127, par. 523
40 ILCS 5/15-132.2
Synopsis As Introduced
Amends the State Employees Group Insurance Act of 1971. Adds to the definition of "community college benefit recipient" a person who is receiving retirement income from a self-managed plan account under the State Universities Article of the Illinois Pension Code and who meets other requirements. Amends the State Universities Article of the Illinois Pension Code. In the definition of "retire" and "retirement", provides that a participant in the self-managed plan retires, and the participant's retirement begins, when the participant is eligible for retirement under the Article, and the Retirement System Reciprocal Act (Article 20 of the Code) if applicable, and the participant begins receiving retirement income from the participant's self-managed plan account.
Actions
Date Chamber Action
1/09/2026 House Filed with the Clerk by Rep. Sharon Chung
1/14/2026 House First Reading
1/14/2026 House Referred to Rules Committee