Illinois Senate Bill 1925: PEN CD-IMRF-MUNI CONTRIBUTION

Illinois · 104th session

What it does

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.

Latest action

Rule 3-9(a) / Re-referred to Assignments (2025-03-21)

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