PEN CD-TIER 3 PLAN House SponsorsRep. Allen Skillicorn-Blaine Wilhour 1/13/2021HouseSession Sine Die 40 ILCS 5/1-163 new Amends the General Provisions Article of the Illinois Pension Code. Provides that each retirement system under the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Article shall prepare and implement a Tier 3 plan that aggregates employee and State contributions in individual participant accounts that, after meeting any other requirements, are used for payouts after retirement in accordance with any applicable laws. Provides that beginning January 1, 2021, members or participants of those retirement systems, regardless of whether they became members or participants before January 1, 2021, shall participate in the Tier 3 plan in lieu of any other plan under those Articles. Effective immediately. 10/16/2019HouseFiled with the Clerk by Rep. Allen Skillicorn 10/17/2019HouseFirst Reading 10/17/2019HouseReferred to Rules Committee 12/12/2019HouseAdded Chief Co-Sponsor Rep. Blaine Wilhour 1/13/2021HouseSession Sine Die