Bill > HB2022

This bill appropriates a minimal sum of $2 from the General Revenue Fund (GRF) to the State Employees' Retirement System (SERS) specifically for its ordinary and contingent expenses in fiscal year 2026, with the appropriation becoming effective on July 1, 2025. The bill appears to be a technical funding measure that provides a very small amount of financial support to SERS, which is a state-managed retirement system responsible for managing pension benefits for state employees in Illinois. While the $2 appropriation is unusually low and might suggest this is more of a procedural or placeholder bill, it ensures that SERS has a technical funding allocation for its operational expenses in the upcoming fiscal year.

Government Affairs

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2022&GAID=18&DocTypeID=HB&SessionID=114&GA=104