Illinois HB4384 amends pension benefits for sheriff's law enforcement employees.
HB4384, known as the Pension Equity Act, amends the Illinois Pension Code to adjust pension benefits for sheriff's law enforcement employees. It modifies the calculation of retirement annuities, including adjustments based on the consumer price index and service years. The bill also specifies the maximum annual earnings for benefit calculations and introduces changes to survivor benefits. The State Mandates Act is amended to exempt this amendatory Act from reimbursement requirements. The changes take effect upon becoming law.
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