Bill > SB0875

This bill appropriates $2 from the General Revenue Fund (GRF) to the General Assembly Retirement System (GARS) to cover its ordinary and contingent expenses for fiscal year 2026. The bill is straightforward, providing a minimal funding allocation specifically for the retirement system that serves members of the Illinois General Assembly. The appropriation will become effective on July 1, 2025, which marks the start of the specified fiscal year. While the dollar amount is very small, it ensures continued financial support for the retirement benefits of state legislators, with the funds coming from the state's primary operating fund (the General Revenue Fund).

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=875&GAID=18&DocTypeID=SB&SessionID=114&GA=104