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Pen Cd-trs-optional Benefit

It became law on Jul 23, 2021.

IL HB 126 · House Bill · 102nd

Stage
Became law
Started in
House
Sponsors
Latest action
Jul 23, 2021

What it does

Amends the Downstate Teacher Article of the Illinois Pension Code. Repeals a provision requiring the System to offer an optional defined contribution benefit to active members of the System. Effective immediately. House Committee Amendment No. 1 Deletes reference to: 40 ILCS 5/16-204 rep. Adds reference to: 40 ILCS 5/3-110.10 40 ILCS 5/7-139.14 new 30 ILCS 805/8.45 new Replaces everything after the enacting clause. Amends the Downstate Police and Illinois Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code. Provides that within 6 months after the effective date of the amendatory Act, a person may transfer to a fund established under the Downstate Police Article creditable…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Jul 23, 2021

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

It is law in Illinois. What happens now is up to the agency that carries it out, the courts, and the place itself.

Work with this bill

PEN CD-TRS-OPTIONAL BENEFIT | 52