Bill Title: Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that the effective date of a retirement annuity may be after the date of official termination of employment but before de minimis posttermination employment as long as such employment is (1) less than 10 days in length, (2) less than $2,000 in compensation, and (3) is deemed de minimis by the System. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Passed) 2022-05-13 - Public Act . . . . . . . . . 102-0871 [SB3954 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Dave Syverson [R]	Primary	Sponsored Bills	SD-035	FollowTheMoney	Ballotpedia	VoteSmart
Senator Brian Stewart [R]	Cosponsor	Sponsored Bills	SD-045	FollowTheMoney	Ballotpedia	VoteSmart
Representative Jeff Keicher [R]	Primary	Sponsored Bills	HD-070	FollowTheMoney	Ballotpedia	VoteSmart
Representative Barbara Hernandez [D]	Cosponsor	Sponsored Bills	HD-050	FollowTheMoney	Ballotpedia	VoteSmart

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