SB 1925

  • Illinois Senate Bill
  • 104th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pen Cd-Imrf-Muni Contribution

Abstract

Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. In a provision requiring a participating municipality or participating instrumentality to pay an additional contribution to the Fund for certain earnings increases above 6% or 1.5 times the annual increase in the consumer price index-u, whichever is greater, provides that the payments must be concluded within 7 years (instead of 3 years) after receipt of the bill by the participating municipality or participating instrumentality. Effective immediately.

Bill Sponsors (1)

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Mar 21, 2025

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 12, 2025

Senate

Assigned to Pensions

Feb 06, 2025

Senate

Filed with Secretary by Sen. Michael W. Halpin

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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