PENCD-SERS-ALTERNATIVE FORMULA House SponsorsRep. Gregg Johnson, Michael J. Kelly and Matt Hanson 1/7/2025HouseSession Sine Die 40 ILCS 5/1-16040 ILCS 5/14-152.1 Amends the General Provisions and State Employee Articles of the Illinois Pension Code. Provides that a security employee of the Department of Corrections or the Department of Juvenile Justice under the Tier 2 provisions is entitled to an annuity calculated under the alternative retirement formula, in lieu of the regular or minimum retirement annuity, only if the person has withdrawn from service with not less than 20 years of eligible creditable service and has attained age 55 (instead of age 60), regardless of whether the attainment of age 55 (instead of age 60) occurs while the person is still in service. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately. 2/10/2023HouseFiled with the Clerk by Rep. Gregg Johnson 2/14/2023HouseFirst Reading 2/14/2023HouseReferred to Rules Committee 2/23/2023HouseAdded Co-Sponsor Rep. Michael J. Kelly 2/23/2023HouseAdded Co-Sponsor Rep. Matt Hanson 2/23/2023HouseAssigned to Personnel & Pensions Committee 3/10/2023HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die