Illinois Senate Bill 1925

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Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 6 2025 - 25% progression, died in committee
Action: 2025-03-21 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. In a provision requiring a participating municipality or participating instrumentality to pay an additional contribution to the Fund for certain earnings increases above 6% or 1.5 times the annual increase in the consumer price index-u, whichever is greater, provides that the payments must be concluded within 7 years (instead of 3 years) after receipt of the bill by the participating municipality or participating instrumentality. Effective immediately.

PEN CD-IMRF-MUNI CONTRIBUTION

Sen. Michael Halpin [D]

Date	Chamber	Action
2025-03-21	Senate	Rule 3-9(a) / Re-referred to Assignments
2025-03-12	Senate	Assigned to Pensions
2025-02-06	Senate	Referred to Assignments
2025-02-06	Senate	First Reading
2025-02-06	Senate	Filed with Secretary by Sen. Michael W. Halpin

Chapter	Article	Section	Citation Type	Statute Text
40	5	7-172	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/Legislation/BillStatus?DocNum=1925&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Text	https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=201027&DocName=10400SB1925&DocNum=1925&DocTypeID=SB&LegID=161239&GAID=18&SessionID=114&SpecSess=&Session=