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 5-240 and 6-235, which incorporate the Retirement Systems Reciprocal Act for Chicago Police and Chicago Firefighter retirement annuities and survivor's annuities. This applies to individuals entitled to begin receiving these benefits on or after the effective date of the bill and who choose to proceed under the Reciprocal Act. Additionally, the State Mandates Act is amended to require implementation of this mandate without reimbursement by the State.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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