Bill > HB2705

This bill amends the Illinois Pension Code to extend the Retirement Systems Reciprocal Act (Article 20) to Chicago firefighters under specific conditions. Specifically, the bill allows firefighters who become eligible to receive a retirement or survivor's annuity on or after the effective date of the amendatory Act to elect to proceed under the Retirement Systems Reciprocal Act. This means that eligible firefighters can potentially combine service credits from multiple public pension systems to calculate their retirement benefits. The bill also includes a provision in the State Mandates Act that exempts the state from reimbursing the costs of implementing this change. By allowing firefighters to leverage service credits across different pension systems, the bill provides more flexibility and potentially more comprehensive retirement benefits for Chicago firefighters who have worked in multiple public sector roles.

Labor and Employment

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2705&GAID=18&DocTypeID=HB&SessionID=114&GA=104