Bill > HB2358

This bill amends the Illinois Pension Code to establish a new standard for benefit payments through the Illinois Municipal Retirement Fund (IMRF), requiring that various types of benefits—including disability benefits, death benefits, retirement annuities, and surviving spouse annuities—must be paid out within 30 days of an individual submitting a complete and correct application for those benefits. The legislation aims to ensure timely processing of benefit claims by setting a clear deadline for benefit commencement, which helps provide more predictable and prompt financial support to IMRF members and their families. Additionally, the bill modifies the State Mandates Act to indicate that these new requirements will be implemented without requiring reimbursement from the state, meaning local governments and the IMRF will be responsible for absorbing any costs associated with meeting the 30-day benefit payment timeline.

Labor and Employment

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2358&GAID=18&DocTypeID=HB&SessionID=114&GA=104