SB3054

Illinois SB3054 restricts new participants in the General Assembly Retirement System to those who were already participants before the bill's.

Illinois SB3054 amends the Illinois Pension Code to limit participation in the General Assembly Retirement System. The bill restricts new participants to those who were already part of the system before the effective date of the amendatory Act of the 104th General Assembly. After this date, the system will not accept any new participants. The General Assembly Retirement System provides retirement annuities, survivor's annuities, and other benefits for certain members of the General Assembly, certain elected state officials, and their beneficiaries.