Bill > SB2802

This bill amends the Illinois Pension Code concerning death benefits for members of the Illinois Municipal Retirement Fund (IMRF), a retirement system for local government employees in Illinois. Specifically, it increases the standard death benefit from $3,000 to $8,000 for most beneficiaries, with the exception of individuals who first retired before the effective date of this new law, who will continue to receive the $3,000 benefit. The bill also makes conforming changes to related sections of the pension code and amends the State Mandates Act to state that any costs associated with implementing this increase will not be reimbursed by the state, meaning local governments will bear the expense.

Labor and Employment

https://www.ilga.gov/Legislation/BillStatus?DocNum=2802&GAID=18&DocTypeID=SB&SessionID=114&GA=104