Illinois House Bill 5797

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 1 2024 - 25% progression
Action: 2024-04-02 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Employees Group Insurance Act of 1971. Adds to the definition of "community college benefit recipient" a person who is receiving retirement income from a self-managed plan account under the State Universities Article of the Illinois Pension Code and who meets other requirements. Amends the State Universities Article of the Illinois Pension Code. In the definition of "retire" and "retirement", provides that a participant in the self-managed plan retires, and the participant's retirement begins, when the participant is eligible for retirement under the Article, and the Retirement System Reciprocal Act (Article 20 of the Code) if applicable, and the participant begins receiving retirement income from the participant's self-managed plan account.

PEN CD/GROUP INS-SURS SMP

Rep. Lance Yednock [D]

Date	Chamber	Action
2024-04-02	House	Referred to Rules Committee
2024-04-02	House	First Reading
2024-04-01	House	Filed with the Clerk by Rep. Lance Yednock

Chapter	Article	Section	Citation Type	Statute Text
40	5	15-132.2	Amended Code	Citation Text
5	375	3	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5797&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB5797.htm