SB2020

Illinois SB2020 amends pension benefits for firefighters and police officers, setting minimum pensions.

Illinois SB2020 amends the Illinois Pension Code to adjust minimum pension amounts for firefighters and police officers. For firefighters, the minimum retirement pension for those with 20 or more years of service is set at $40,000 per year, effective July 1, 2025. For police officers, the minimum line-of-duty disability pension is also set at $40,000 per year, effective July 1, 2025. The bill also removes certain requirements for police officers to receive annual pension increases.