Illinois HB3952 appropriates funds for the State Employees' Retirement System for fiscal year 2025.
Illinois HB3952 allocates funds from the General Revenue Fund to the State Employees' Retirement System for fiscal year 2025. The bill includes appropriations for operational expenses, employee retirement contributions, and additional state contributions. The total amount appropriated is $1,974,735,420. The bill also makes adjustments to the earnings limitation for pension contributions. The appropriations are effective starting July 1, 2025.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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