Bill > SB1934

This bill amends the Illinois Pension Code to modify Tier 2 survivor benefits for public employees who first became members on or after January 1, 2011. Specifically, it provides that the initial survivor's or widow's benefit shall be 66 2/3% of the earned annuity without any reduction due to age. For cases where both a widow/survivor and child(ren) receive benefits, the widow's portion will be 66 2/3% and reduced by the pro-rated portion of any child's benefit, calculated according to the specific pension fund's applicable rules. The bill also clarifies that a child's annuity will be calculated using the formula prescribed in the relevant article of the pension code, and adds child's annuities to provisions concerning automatic annual increases. Additionally, the bill amends the State Mandates Act to require implementation of these changes without reimbursement, meaning local governments and pension systems must absorb the costs of implementing these new provisions. The changes are aimed at standardizing and providing more consistent survivor benefits across different public employee pension systems in Illinois.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1934&GAID=18&DocTypeID=SB&SessionID=114&GA=104