100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
Introduced , by Rep. Thomas Morrison
SYNOPSIS AS INTRODUCED:
Amends the Illinois Pension Code. Authorizes units of local government
to provide alternative retirement plans in lieu of or in addition to the
existing plan under the applicable Article. Provides that the alternative
retirement plan may include a defined-benefit component, a defined
contribution component, or both, and may include disability or survivor
benefits and any other benefits that are permitted under federal law.
Provides that the alternative retirement plan is not required to provide
any minimum level of benefits and need not provide any benefits at all,
other than mandatory Social Security coverage if applicable. Provides that
service credit received under an alternative retirement plan may not be
transferred to any other fund and may not be used under the Retirement
Systems Reciprocal Act (Article 20 of the Code). Amends the Illinois Public
Labor Relations Act and the Illinois Educational Labor Relations Act.
Provides that employers shall not be required to bargain over the changes
made by the amendatory Act.
|FISCAL NOTE ACT MAY APPLY||PENSION IMPACT NOTE ACT MAY APPLY|
A BILL FOR
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AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Illinois Public Labor Relations Act is
amended by adding Section 7.6 as follows:
(5 ILCS 315/7.6 new)
Mandatory collective bargaining regarding
alternative retirement plans not required.
other provision of this Act, employers shall not be subject to
mandatory collective bargaining with regard to the adoption or
implementation of an alternative retirement plan authorized by
this amendatory Act of the 100th General Assembly.
The Illinois Pension Code is amended by
changing Sections 3-150, 4-142, and 10-103 and by adding
Sections 3-101.5, 4-101.5, 5-101.5, 6-101.5, 7-101.5, 8-101.5,
9-101.5, 10-101.5, 11-101.5, 12-101.5, 13-101.5, 15-101.5,
16-101.5, and 17-101.5 as follows:
(40 ILCS 5/3-101.5 new)
Alternative retirement plan; local control
(a) The corporate authorities of a municipality subject to