SB2802 amends the Illinois Municipal Retirement Fund to increase death benefits for retirees.
SB2802 amends the Illinois Municipal Retirement Fund (IMRF) provisions to increase the death benefit from $3,000 to $8,000 for those who retire after the effective date of the bill. The bill also makes conforming changes to related sections. It specifies the conditions under which the death benefit is payable, including scenarios involving surviving spouses and children. The bill amends the State Mandates Act to require implementation without reimbursement.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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