Bill > HB3122

This bill amends the Illinois Pension Code to restrict participation in the General Assembly Retirement System (GARS), a pension system for state legislators and certain elected officials. Specifically, the bill limits membership in the system to individuals who become participants before January 1, 2026, effectively preventing any new members of the General Assembly from joining the retirement system after that date. The changes apply to elected state officials such as the Governor, Lieutenant Governor, Secretary of State, Treasurer, Comptroller, and Attorney General, as well as long-serving legislative staff who previously had the option to elect membership. By closing the system to new participants, the bill aims to potentially control future pension costs and modify the long-term structure of retirement benefits for state legislators. The bill takes effect immediately and represents a significant change to the existing pension system for Illinois lawmakers.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3122&GAID=18&DocTypeID=HB&SessionID=114&GA=104