summary
Introduced
02/06/2025
02/06/2025
In Committee
05/09/2025
05/09/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that, until 6 months after the effective date of the amendatory Act, a participating sheriff's law enforcement employee may elect to transfer service credit from a downstate police pension fund to IMRF. Provides that to establish that creditable service, the sheriff's law enforcement employee may elect to either pay a specified amount to IMRF or have the amount of his or her creditable service reduced by a specified amount. Provides that if the amount transferred to IMRF is greater than a specified amount, the additional amount shall be credited to the account of the sheriff's law enforcement employee's employer. Makes conforming changes. Amends the State Mandates Act to require implementation without reimbursement.
AI Summary
This bill amends the Illinois Pension Code to provide a time-limited opportunity for sheriff's law enforcement employees to transfer service credit between two pension funds: the Downstate Police Pension Fund (Article 3) and the Illinois Municipal Retirement Fund (IMRF, Article 7). Specifically, for a period of 6 months after the bill's effective date, participating sheriff's law enforcement employees can transfer up to 10 years of creditable service from one fund to the other. To complete this transfer, the employee has two options: (1) pay the difference in contribution amounts plus interest to IMRF, or (2) have their creditable service reduced by a corresponding amount. If the transferred amount exceeds the calculated requirement, the additional funds will be credited to the employee's employer's account. The bill ensures that the transferred service credit cannot exceed the actual amount of service credit originally earned in the initial pension fund. This legislation provides flexibility for sheriff's law enforcement employees in managing their pension benefits while maintaining financial accountability for both the employee and the employing agency.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Rule 3-9(a) / Re-referred to Assignments (on 05/09/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1986&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/SB/10400SB1986.htm |
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