Illinois SB2580 appropriates funds from the General Revenue Fund to the State Employees' Retirement System for fiscal year 2025.
Illinois SB2580 allocates funds from the General Revenue Fund to the State Employees' Retirement System of Illinois for fiscal year 2025. The bill includes appropriations for operational expenses, employee retirement contributions, and adjustments to the earnings limitation specified in the Illinois Pension Code. The total amount appropriated is $1,974,735,420, or as much as necessary. This Act takes effect July 1, 2025.
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