Legislations
Pension Statutes
You can click on the “View More” links for the respective pertinent statues of the Illinois Pension Code from the Illinois General Assembly.
House Pension Impact Notes – 101st General Assembly – Impact Notes (April 5, 2019)
Senate Pension Impact Notes – 101st General Assembly – Impact Notes (April 5, 2019)
Legislative Information System – 101st General Assembly – Pension Bills (May 11, 2020)
Legislative Information System – 101st General Assembly – All Bills in Order (May 11, 2020)
View More:
Pension Working Group
Public Act 096-0006 amends the State Treasurer Act to add a new Section titled “working group; peer cost comparison.” The Treasurer shall convene a working group consisting of representatives from the retirement systems, pension funds, and investment board created under the Illinois Pension Code, persons that provide investment services, and members of the financial industry. The working group shall review the performance of investment managers and consultants providing investment services for the retirement systems, pension funds, and investment board created under the Illinois Pension Code. The group shall develop uniform standards for comparing the costs of investment services and make recommendations to the retirement systems, pension funds, and investment board. In performing its functions under this Section, the working group shall work in coordination with the Commission on Government Forecasting and Accountability. The Office of the State Treasurer shall provide administrative assistance to the working group as the group deems necessary and appropriate. The working group shall draft a report, and the Treasurer must submit such report, to the Governor and the General Assembly by January 1, 2011.
On March 12, 2010 James McNamee was notified by Alex Giannoulias, Illinois State Treasurer, of his appointment to the Pension Working Group.
At the first meeting (April 5, 2010) of the Pension Working Group, James McNamee was unanimously elected to be the Chair Person.
What is the Pension Working Group?
-
2012 Illinois Handbook of Government
Pension working group appointees
County Employees’ Annuity & Benefit Fund
Nickol Hackett, Chief Fiscal Officer
Fireman’s Annuity & Benefit Fund of Chicago
Anthony Martin, Secretary
General Assembly Retirement System
Timothy Blair, Acting Executive Secretary
Illinois Municipal Retirement Fund
Walter Koziol, Chief Investment Officer
Illinois Public Pension Fund Association
James McNamee, President
Illinois State Board of Investments
William R. Atwood, Executive Director
Judges’ Retirement System
Justice Thomas Hoffman
Labors’ and Retirement Board Employees’
Annuity & Benefit Fund of Chicago
James Capasso, Jr., Executive Director
Metropolitan Water Reclamation District Retirement Fund
Susan A. Boutin, Executive Director
Municipal Employees’ Annuity & Benefit Fund of Chicago
James Mohler, Chief Investment Officer
Park Employees’ Annuity & Benefit Fund
Luke J. Howe, Executive Director
Chicago Teachers’ Pension Fund
Kevin B. Huber, Executive Director
Regional Transit Authority
Joseph Costello, Chief Fiscal Officer
State Teacher’s Retirement System
Stan Rupnik, Chief Investment Officer
State Universities Retirement System of Illinois
Daniel L. Allen, Chief Investment Officer
Franklin Park, LLC
Brad Atkins, CEO
Segall, Bryant & Hamill
Phil Hildebrandt, CEO
Adams Street Partners
Miguel F. Gonzalo, Parner
BILL NUMBER | BRIEF BILL DESCRIPTION | BILL SPONSOR | IPPFA POSITION | BILL STATUS |
|---|---|---|---|---|
Fire - SB2199 | Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides that a firefighter employed by a village with a population on July 1, 2007 greater than 9,000 but less than 12,000 who was excluded from participation in a downstate firefighter fund prior to January 1, 1996 because the firefighter earned credit for that service under the Illinois Municipal Retirement Fund Article for the same municipality may also elect to establish creditable service for those periods of employment for that municipality's emergency services as a firefighter, EMT, or paramedic during which he or she was excluded from participation in a downstate firefighter fund. Amends the State Mandates Act to require implementation without reimbursement. | Sen. Michael Noland | For | Sine Die |
HB0140 | Amends the State Employees Group. Insurance Act of 1971, the Illinois Pension Code, the Metropolitan Transit Authority Act, and the Regional Transportation Authority Act. Eliminates compensation, as well as pension and group insurance benefits, for individuals who first become members of the Regional Transportation Authority Board, Suburban Bus Board, Commuter Rail Board, or Chicago Transit Authority Board on or after the effective date of the amendatory Act. Effective immediately. | Rep. Jack D. Franks | Passed | |
HB1351 | Amends the Illinois Municipal. Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that an annuitant shall be considered a participating employee if he or she returns to work as an employee with a participating employer and works more than 599 hours annually (or 999 hours annually with a participating employer that has adopted a resolution excluding from participation in IMRF any person employed in a position normally requiring performance of duty for less than 1000 hours per year)... | Rep. Raymond Poe | Passed - Sent to Governor | |
HB1371 | Amends the Downstate Police and Firefighter Articles of the Illinois Pension Code. Delays by one year a procedure under which the Comptroller is required to divert certain State payments from the intended recipient to a pension fund when the intended recipient is more than 90 days overdue in making a required contribution to the pension fund. Effective immediately. | Rep. David Harris | Against | |
HB1372 | Amends the Downstate and Chicago. Police and Firefighter Articles of the Illinois Pension Code. Delays by one year a procedure under which the Comptroller is required to divert certain State payments from the intended recipient to a pension fund when the intended recipient is more than 90 days overdue in making a required contribution to the pension fund. Effective immediately. | Rep. David Harris | Against | |
HB1375 | Amends the Illinois Pension Code. Amends various Articles of the Code to provide that participants under those Articles are entitled only to creditable service for periods of service with a labor organization if the employee and employer contributions for the service are received by the Fund before the effective date of the amendatory Act. Amends the IMRF Article of the Illinois Pension Code to provide that the Illinois Municipal League and the Will County Governmental League are participating instrumentalities only with respect to service on or before the effective date of the amendatory Act. Effective immediately. | Rep. Daniel V. Beiser | For | |
HB1377 | Amends the Downstate Firefighter. Article of the Illinois Pension Code. In a Section on disability arising in the line of duty, clarifies what constitutes an act of duty: includes participation in training activities designed to enhance the skills and abilities of the firefighter, whether within or away from the municipality he or she serves as a firefighter, if the assignment is related to the fire protection service of the municipality. Provides that such activity shall continue to be considered an "act of duty" even if performed without compensation. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. | Rep. Daniel J. Burke | For | |
HB1378 | Amends the Chicago Firefighter Article of the Illinois Pension Code. Adds Parkinson's disease to the list of diseases for which certain firemen may be entitled to receive an occupational disease disability benefit. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. | Rep. Daniel J. Burke | For | |
HB1444 | Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that the Board shall determine the amortization period to be used in calculating the amount to be contributed by participating municipalities and participating instrumentalities in order to adjust for changes in the Fund's unfunded accrued liabilities. Specifies that the amortization period shall not exceed 30 years for participating municipalities or 10 years for participating instrumentalities. Allows participating employees to withdraw additional contributions only to the extent permitted by the federal Internal Revenue Code of 1986. Requires the Board to meet at least quarterly (rather than monthly). Also makes technical changes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. | Rep. Michael J. Zalewski | Passed | |
HB1448 | Amends the Chicago Firefighter Article of the Illinois Pension Code. Beginning December 1, 2013, extends eligibility for the 3% annual increase in retirement annuity at age 55 to firemen born after December 31, 1954 who began service prior to January 1, 2011. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. | Rep. Arthur Turner | For | |
HB1484 | Amends the Chicago Teacher Article of the Illinois Pension Code. Shifts future funding responsibility from the Chicago Board of Education to the State of Illinois. Specifies the amount of required State and Chicago Board of Education contributions for fiscal year 2014. Beginning in fiscal year 2015, changes the funding goal from 90% to 100% and specifies the manner of determining the required contributions from the State and the Board of Education. Defines terms. Provides for certification of contribution amounts and for payment of State contributions on a monthly basis pursuant to vouchers issued by the Board. Repeals a Section relating to additional employer contributions. Amends the State Pension Funds Continuing Appropriation Act. | Rep. Barbara Flynn Currie, Rep. Esther Golar, Rep. Mary E. Flowers | Against | |
HB2583 | Amends the Chicago Teacher Article of the Illinois Pension Code. In the definition of "member", specifies that an employer may not reclassify a non-hourly employee as an hourly employee for the purpose of evading or avoiding its obligations. Provides that any certified teacher or staff employed by a corporate or non-profit entity engaged in the administration of a charter school shall presumptively be a participant in the Fund, unless the organization establishes to the satisfaction of the Board that an individual certified teacher or staff member is not working as a teacher or administrator directly or indirectly with the Charter School… | Rep. Daniel J. Burke | Passed - Sent to Governor | |
HB2654 | Amends the Illinois Pension Code. Authorizes an active member of a downstate firefighters' pension fund to transfer up to 6 years of creditable service to that fund from the downstate police pension fund that is administered by the same unit of local government. Requires application within 6 months after the effective date. Authorizes reinstatement of service that was terminated by a refund. Provides that if the transferred police service was Tier 1, then the firefighter shall be considered to be a Tier 1 firefighter. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. | Rep. Kathleen Willis, Rep. Anthony DeLuca, Rep. Sue Scherer | Neutral | |
HB2656 | Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that, for service transferred from a downstate police pension fund under a specific provision, credits and creditable service shall be granted upon transfer of those credits to IMRF. Specifies that if the board determines that the amount transferred is less than the true cost to the Fund of allowing that creditable service to be established, then in order to establish that creditable service, the member must pay to the Fund an additional contribution equal to the difference, as determined by the board in accordance with the rules and procedures adopted by the Fund… | Rep. Darlene J. Senger | Passed - Sent to Governor | |
HB2767 | Amends the State Employee Article of the Illinois Pension Code. Provides that, for service on or after July 1, 2013, "compensation" does not include any stipend payable to an employee for service on a board or commission. Effective immediately… | Rep. Stephanie A. Kifowit | Passed - Sent to Governor | |
HB2993 | Amends the Illinois Pension Code. Deletes references to the State Universities Retirement System from the Tier 2 Section of the General Provisions Article and incorporates the Tier 2 provisions into the State Universities Article. Also makes administrative changes: authorizes the Board to delegate some of its duties; provides that warrants, checks, and drafts need not be signed by the president of the Board; specifies that the Board's rulemaking power includes the time and manner of reporting contributions; authorizes the Board to procure additional actuarial, legal, medical, audit, and other services; makes other changes. Effective immediately. | Rep. Darlene J. Senger | Passed | |
HB3081 | Amends the General Provisions Article of the Illinois Pension Code. In a provision that requires training for all elected and appointed trustees under the Downstate Police and Downstate Firefighters Articles of the Code, provides that a trustee is not required to complete that training if the trustee is a certified public accountant, is a certified management accountant, is a fellow of the Society of Actuaries, is an associate of the Society of Actuaries, has a chartered enterprise risk analyst credential, or is a certified financial planner. Effective immediately. | Rep. Michael D. Unes | Against | |
HB3304 | Amends the Illinois Pension Code. Amends various Articles of the Code to provide that participants under those Articles are entitled only to creditable service for periods of service with a labor organization if the employee and employer contributions for the service are received by the Fund before the effective date of the amendatory Act. Amends the IMRF Article of the Illinois Pension Code to provide that the Illinois Municipal League and the Will County Governmental League are participating instrumentalities only with respect to service on or before the effective date of the amendatory Act. Effective immediately. | Rep. Donald Moffitt | For | Sine Die |
HB3474 | Amends the Illinois Pension Code. Makes a technical change in a Section concerning definitions. | Rep. Sandra M. Pihos | Passed | |
HB3762 | Amends the Illinois Pension Code. In the Downstate Firefighter and Downstate Police Articles, provides that a municipality may, by ordinance, assume local control of the municipality's police or firefighter's pension fund, with the power to change the terms of the plan. In the IMRF Article, provides that a municipality may end its participation in IMRF and create its own municipal pension fund; specifies certain conditions and provides for transfer of certain contributions and liabilities from IMRF to the new municipal pension fund. | Rep. Thomas Morrison | Against | |
HB3813 | Amends the Chicago Municipal, Chicago Laborers, and Chicago Teachers Articles of the Illinois Pension Code to provide that, for certain leaves of absence during which a participant is employed by a labor organization, contributions shall be based upon the participant's regular salary (rather than the salary received from the organization). Effective immediately. | Rep. Tom Cross | Passed | |
HB3904 | Amends the Illinois Pension Code. Amends various Articles of the Code to provide that participants under those Articles are entitled only to creditable service for periods of service with a labor organization if the employee and employer contributions for the service are received by the Fund before the effective date of the amendatory Act. Amends the IMRF Article of the Illinois Pension Code to provide that the Illinois Municipal League and the Will County Governmental League are participating instrumentalities only with respect to service on or before the effective date of the amendatory Act. Effective immediately. | Rep. Dwight Kay | Neutral | Sine Die |
HB4458 | Amends the Illinois Pension Code. For a period of 6 months, allows a police officer to transfer up to 10 years of creditable service in either direction between a downstate police pension fund and the State Universities Retirement System. Applies only to service as a police officer. Requires payment by the police officer of the difference between the amount of contributions transferred and the true cost of allowing the creditable service to be established. Authorizes reinstatement of transferable credits. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. | Rep. Dan Brady | Neutral | Sine Die |
HB4640 | Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. In the definition of "municipality", increases the threshold for mandatory creation of a pension fund from 5,000 to 10,000 inhabitants. Provides that any city, village or incorporated town of 5,000 or more but less than 10,000 inhabitants that has not established a pension fund may elect to do so by ordinance or referendum. Effective immediately. | Rep. Robert W. Pritchard | Against | |
HB4660 | Amends the Illinois Pension Code. Changes the schedule for examinations of pension funds established under the Downstate Police or Downstate Fire Article from every 3 years to a periodic basis, as determined by the Public Pension Division of the Department of Insurance. Provides that the examination may (instead of shall) include a review of certain information. Effective immediately. | Rep. Thomas Morrison | Against |
ABOUT IPPFA
The IPPFA was founded in 1985 as a not-for-profit organization whose mandate was to educate public pension fund trustees. In 2009 the IPPFA became the primary education provider for public pension fund trustees in the state of Illinois. Our members manage over eighteen billion dollars in pension assets.