Illinois HB4390 amends the Illinois Pension Code to adjust the salary cap and retirement benefits for sheriff's law enforcement employees.
HB4390 modifies the Illinois Pension Code to set the salary cap for Tier 2 sheriff's law enforcement employees at $145,649.97, with annual adjustments based on the consumer price index. It also adjusts the retirement benefits for sheriff's law enforcement employees, including changes to the calculation of monthly retirement annuities and survivor benefits. The bill specifies that these changes apply to employees who began service on or after January 1, 2011, and mandates that the Illinois Municipal Retirement Fund recalculate benefits for certain employees.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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