SB1269 amends the Illinois Pension Code to allow elected officials to revoke participation in the Illinois Municipal Retirement Fund and retain.
SB1269 amends the Illinois Pension Code to allow elected officials who have not elected to participate in the Illinois Municipal Retirement Fund (IMRF) to revoke their participation and still receive service credit for their elected office tenure. This applies if the official previously worked in a non-elected position with the same employer, the employer continued making contributions during the official's tenure, and there is no gap in service credit. The bill also amends the State Mandates Act to implement this change without requiring state reimbursement.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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