Bill Title: Amends the General Assembly, State Employees, and Judges Articles of the Illinois Pension Code. Provides that if a fund or system mistakenly sets any benefit at an incorrect amount, it shall recalculate the benefit as soon as may be practicable after the mistake is discovered. Sets forth specific requirements regarding when a benefit is mistakenly set too low and when a benefit is mistakenly set too high. Amends the Downstate Firefighters and Cook County Forest Preserve Articles of the Illinois Pension Code. Provides that the amount of any overpayment of any pension or benefit due to fraud, misrepresentation, or error may be deducted from future payments to the recipient.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2014-08-26 - Public Act . . . . . . . . . 98-1117 [SB3309 Detail]

Text: Latest bill text (Chaptered) [HTML]

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