Illinois HB2704 amends the Illinois Pension Code to incorporate the Retirement Systems Reciprocal Act for Chicago Police and Chicago Firefighter.
Illinois HB2704 amends the Illinois Pension Code by adding sections that integrate the Retirement Systems Reciprocal Act for individuals entitled to retirement or survivor's annuities under the Chicago Police or Chicago Firefighter Articles. This applies to those who elect to proceed under the Reciprocal Act after the bill's effective date. Additionally, the State Mandates Act is amended to require implementation of any mandate created by this bill without state reimbursement.
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.