SB1711 amends the Chicago Firefighter Article of the Illinois Pension Code to adjust the salary cap for Tier 2 firemen and clarify annuity.

SB1711 amends the Chicago Firefighter Article of the Illinois Pension Code to adjust the salary cap for Tier 2 firemen. Beginning in 2026, the annual salary cap for all purposes under the Code for Tier 2 firemen will be increased by the lesser of 3% or the annual unadjusted percentage increase in the consumer price index. The bill also clarifies eligibility for survivor benefits, ensuring that the Tier 2 surviving spouse's annuity, child's annuity, and parent's annuity are calculated and paid in the same manner as the corresponding benefits under other sections of the Code.

SB1711 amends the Chicago Firefighter Article of the Illinois Pension Code to adjust the salary cap for Tier 2 firemen and clarify annuity.

SB1711 amends the Chicago Firefighter Article of the Illinois Pension Code to adjust the salary cap for Tier 2 firemen. Beginning in 2026, the annual salary cap for all purposes under the Code for Tier 2 firemen will be increased by the lesser of 3% or the annual unadjusted percentage increase in the consumer price index. The bill also clarifies eligibility for survivor benefits, ensuring that the Tier 2 surviving spouse's annuity, child's annuity, and parent's annuity are calculated and paid in the same manner as the corresponding benefits under other sections of the Code.