Bill Title: Reinserts the provisions of the bill as amended by Senate Amendment No. 1 with the following changes. Adds investigators for the Secretary of State and arson investigators to provisions that authorize a person to elect to establish eligible creditable service under the alternative retirement annuity formula for up to 5 years of certain service. Provides that an investigator for the Secretary of State may elect to convert service credit earned under the Article to eligible creditable service under the alternative annuity formula by filing a written election with the Board within 6 months after the effective date of the amendatory Act and paying a specified contribution. In provisions requiring an investigator for the Department of Revenue, investigator for the Illinois Gaming Board, investigator for the Secretary of State, or arson investigator to pay a specified amount to the System to establish that eligible creditable service, provides that the amount shall include the difference between the amount of employee and employer contributions transferred to the System under the provisions and the amounts that would have been contributed had such contributions been made at the rates applicable to State policemen (rather than investigators for the Department of Revenue or investigators for the Illinois Gaming Board). Makes conforming changes.

Spectrum: Bipartisan Bill

Status: (Passed) 2022-05-13 - Public Act . . . . . . . . . 102-0856 [SB3778 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Christopher Belt [D]	Primary	Sponsored Bills	SD-057	FollowTheMoney	Ballotpedia	VoteSmart
Senator Darren Bailey [R]	Cosponsor	Sponsored Bills	SD-055	FollowTheMoney	Ballotpedia	VoteSmart
Senator Sally Turner [R]	Cosponsor	Sponsored Bills	SD-044	FollowTheMoney	Ballotpedia	VoteSmart
Senator Steve McClure [R]	Cosponsor	Sponsored Bills	SD-054	FollowTheMoney	Ballotpedia	VoteSmart
Senator Michael Halpin [D]	Primary	Sponsored Bills	SD-036	FollowTheMoney	Ballotpedia	VoteSmart
Representative Latoya Greenwood [D]	Cosponsor	Sponsored Bills	HD-114	FollowTheMoney	Ballotpedia	VoteSmart

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