Illinois HB1871 amends the Illinois Pension Code to revise retirement annuity provisions for certain state employees.
HB1871 amends the Illinois Pension Code to modify the eligibility and calculation of retirement annuities for specific state employees. It allows certain state employees to establish eligible creditable service for prior employment, subject to certain conditions and payment requirements. The bill also provides for an estimated retirement payment for eligible members and mandates that new benefit increases must include adequate funding.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.