<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 3906         </title>
<shortdesc>PEN CD-SURS-TIER 2 RETIREMENT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Katie Stuart</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/15-135</reference><aliasreference>from Ch. 108 1/2, par. 15-135</aliasreference><reference>40 ILCS 5/15-198</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Universities Article of the Illinois Pension Code. Provides that a Tier 2 member who has at least 20 years of service in this system as a police officer or firefighter is entitled to a retirement annuity upon written application on or after the attainment of age 55 (instead of age 60) if a specified rule is applicable to the participant. Provides that the changes apply retroactively to January 1, 2011. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase".</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Katie Stuart</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/17/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/28/2023</statusdate><chamber>House</chamber><action>Assigned to Personnel &amp; Pensions Committee</action>
<statusdate>3/10/2023</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

