HB2484 amends the Illinois Pension Code to modify police officer retirement plans, including defined contribution plans and participation in the.
HB2484 amends the Illinois Pension Code to make changes to police officer retirement plans. It modifies the defined contribution plan by allowing police officers who began participating before a certain date to continue in that plan. It also restricts new police officers from participating in the Illinois Municipal Retirement Fund unless they were already participating before a specified date. The bill further clarifies the rules for police officers who re-enter active service and the conditions under which they can participate in different retirement plans.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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