Legislation

Legislation

Please note: SURS does not endorse specific pension reform legislation. Our goal is to update and educate SURS members concerning legislation that may affect their retirement benefits.

HB 3860

Change Automatic Annual Increases to CPI-U

HB 3860 amends the General Provisions article of the Illinois Pension Code to require the retirement annuity or supplemental annuity of a participant, member or annuitant in any pension fund or retirement system to be subject to annual increases equal to the annual unadjusted percentage increase in the consumer price index-u (but not less than zero).

HB 3860 applies without regard to...

HB 3868

Minimum Retirement Age Increase by 2 Years

HB 3868 amends the General Provisions article of the Illinois Pension Code to increase the minimum age at which a person is eligible to receive a retirement annuity or pension by two years, using the following schedule: one year beginning on the effective date of the legislation and one additional year beginning five years after the effective date of the legislation.

Currently, Tier I...

HB 3990

Actuary Bonds

HB 3990 amends the Regulation of Public Pension Funds article of the Illinois Pension Code to require each actuary that prepares an actuarial statement for a pension fund or retirement system to post a bond of $2 billion.

HB 3990 takes effect in accordance with the Effective Date of Laws Act.

HB 4036

SEGIP Qualifying Change in Status

HB 4036 amends the State Employees Group Insurance Act of 1971 to expressly define the phrase “qualifying change in status” with language that is similar to that appearing in the IRS regulations. A qualifying change in status includes: (1) changes to an employee’s legal marital status; (2) changes to an employee’s number of dependents; (3) changes to the employment status of the employee,...

HB 4076

No New Elected Officials Participate in Public Pensions

HB 4076 amends the General Provisions article of the Illinois Pension Code to prohibit a person from participating in a pension fund or retirement system with respect to an elected position to which the person was first elected or appointed on or after the effective date of the legislation.

HB 4076 takes effect immediately upon becoming law.

HB 4091

SURS Employer Normal Cost Shift

HB 4091 requires the actual employer to pay the employer normal cost for its employees in SURS beginning on the effective date of the legislation.

Specifically, HB 4091 amends the State Universities Retirement System’s article of the Illinois Pension Code to require the actual employer of a participating employee to contribute the employer normal cost for that employee. The employer...

HB 4114

New Revenues Fund State Pension Obligations

HB 4114 amends the State Budget Law of the Civil Administrative Code of Illinois to require the state to allocate any new and additional revenue sources to fund its pension obligations.

Specifically, HB 4114 requires the state of Illinois to allocate any new and additional revenue sources that exceed the fiscal year 2020 revenue forecasts reported by the Commission on Government...

HJR 0016

State Sponsored Health Clinic Task Force

HJR 16 resolves by the Illinois House of Representatives, with concurrence of the Illinois Senate, that the state-sponsored Health Clinic Task Force is created to study the possibility of implementing a state of Illinois sponsored health clinic for state employees, dependents, and retirees, with the purpose of providing quality care and annual savings to the state’s overall group insurance...

HJRCA 0014

No State Tax on Retirement Income

HJRCA 14 resolves by the Illinois House of Representatives, with the concurrence of the Illinois Senate, that there must be submitted to the electors of the state for adoption or rejection at the general election next occurring at least six months after adoption of the resolution a proposition to amend Article IX, Section 3 of the Illinois Constitution to prohibit the state taxation of...

HJRCA 0019

Repeal Constitutional Pension and Retirement Rights

HJRCA 19 resolves by the Illinois House of Representatives, with the concurrence of the Illinois Senate, that there must be submitted to the electors of the state for adoption or rejection at the general election next occurring at least six months after adoption of the resolution a proposition to repeal Article XIII, Section 5 of the Illinois Constitution.

Specifically, HJRCA 19 repeals...

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