Bill Title: Reinserts the provisions of the introduced bill with the following changes. Further amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that a participating employee who, regardless of cause, is separated from the service of the participating municipalities and instrumentalities thereof and participating instrumentalities from which the participating employee is seeking to retire (instead of all participating municipalities and instrumentalities thereof and participating instrumentalities) shall be entitled to a retirement annuity if the participating employee meets certain conditions. Provides that a condition of entitlement to a retirement annuity is that the participating employee is not entitled to receive earnings for employment in a position requiring him to be a participating employee as defined in the Article or under a provision concerning the suspension of a retirement annuity during employment (instead of employment in a position requiring him or entitling him to elect to be a participating employee). Adds a condition for entitlement to a retirement annuity that the participating employee has not prearranged to return to the service of the participating municipalities and instrumentalities thereof and participating instrumentalities from which the participating employee retired. In a provision concerning eligibility for separation benefits, adds a condition that the participant must have separated from the service of the participating municipality or instrumentality with which the participating employee last participated in the Fund. Removes language providing that the entitlement to a separation benefit is upon separation from the service of all participating municipalities and instrumentalities thereof and participating instrumentalities.

Sponsorship: Moderate Partisan Bill (Democrat 4-1)

Status: (Enrolled) 2026-05-21 - Passed Both Houses [SB2826 Detail]

Text: Latest bill text (Enrolled) [HTML]

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