HB 5114

Abstract

Amends the Downstate Police and State Universities Articles of the Illinois Pension Code. In the Downstate Police Article, provides that a police officer who previously participated in the Illinois Municipal Retirement Fund (IMRF) for service as a member of the police department of a municipality and was transferred to that municipality's police pension fund upon its creation under the Downstate Police Article shall, for the purposes of determining the applicable tier of benefits under that Article, be deemed to have become a police officer and member of that municipality's police pension fund on the date that he or she first participated in IMRF as a member of the police department of that municipality, notwithstanding whether that start date was before January 1, 2011. In the State Universities Article, provides that a Tier 2 member who has at least 20 years of service in the System as a police officer or firefighter is entitled to a retirement annuity on or after the attainment of age 60, if a specified rule applies to that participant. Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.