summary
Introduced
02/07/2025
02/07/2025
In Committee
04/11/2025
04/11/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that, at any time during the 6 months following the effective date of the amendatory Act, an active member of a downstate police pension fund may apply for transfer to that fund of up to 8 years of his or her creditable service accumulated in a downstate firefighter pension fund that is administered by a unit of local government if that active member was not subject to disciplinary action when he or she terminated employment with that employer. Provides that the creditable service shall be transferred upon payment of a specified amount. Provides that, at the time of applying for a transfer of creditable service, an active member of a downstate police pension fund may, for the purpose of that transfer, reinstate creditable service that was terminated by receipt of a refund, by payment to the downstate police pension fund of a specified amount. Amends the State Mandates Act to require implementation without reimbursement.
AI Summary
This bill allows active members of downstate police and firefighter pension funds to transfer up to 8 years of creditable service between their respective pension funds under specific conditions. Specifically, during a 6-month window following the bill's effective date, an active police or firefighter pension fund member can transfer creditable service if they were not subject to disciplinary action when they previously left employment. The transfer requires payment to the receiving pension fund, which includes the difference in contribution rates, accumulated amounts, and interest. Additionally, the bill permits pension fund members to reinstate previously refunded creditable service by repaying the original refund amount with 6% annual interest. This legislation provides flexibility for public safety workers to consolidate their pension credits across different local government pension systems, potentially helping those who have worked in multiple public safety roles to maximize their retirement benefits.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 04/11/2025)
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=3757&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB3757.htm |
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