Illinois Senate Bill 2533 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the General Provisions and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Except for persons who elected to establish certain alternative credits, moves provisions concerning Tier 2 members of IMRF from the General Provisions Article to the IMRF Article. Defines Tier 1 regular employee and Tier 2 regular employee. Provides that the increase to the retirement annuity of a Tier 1 regular employee shall be computed from the effective date of the retirement annuity, the first increase being 0.25% (instead of .167%) of the monthly amount times the number of months from the effective date to January 1. Provides that if the employee was a Tier 1 regular employee, the surviving spouse annuity shall be increased by an amount equal to (i) 3% of the original amount thereof if the deceased employee was receiving a retirement annuity at the time of his or her death; otherwise (ii) 0.25% (instead of 0.167%) of the original amount thereof for each complete month that has elapsed since the date the annuity began. Makes other changes. Amends the State Mandates Act to require implementation without reimbursement.

PEN CD-IMRF-TIER 2

Sen. Cristina Castro [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-05-15	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 31, 2020
2020-05-07	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 29, 2020
2020-04-30	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 22, 2020
2020-04-23	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 15, 2020
2020-04-12	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
2020-03-25	Senate	Rule 2-10 Third Reading/Passage Deadline Established As May 7, 2020
2020-02-25	Senate	Placed on Calendar Order of 3rd Reading February 26, 2020
2020-02-25	Senate	Second Reading
2020-02-19	Senate	Placed on Calendar Order of 2nd Reading February 20, 2020
2020-02-19	Senate	Do Pass Government Accountability and Ethics; 012-000-000
2020-02-04	Senate	Assigned to Government Accountability and Ethics
2020-01-28	Senate	Referred to Assignments
2020-01-28	Senate	First Reading
2020-01-28	Senate	Filed with Secretary by Sen. Cristina Castro

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.44	New Code	See Bill Text
40	5	1-160	Amended Code	Citation Text
40	5	7-109.4	New Code	See Bill Text
40	5	7-109.5	New Code	See Bill Text
40	5	7-114	Amended Code	Citation Text
40	5	7-116	Amended Code	Citation Text
40	5	7-141	Amended Code	Citation Text
40	5	7-141.1	Amended Code	Citation Text
40	5	7-142	Amended Code	Citation Text
40	5	7-144	Amended Code	Citation Text
40	5	7-156	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2533&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB2533.htm