PENSIONS-VARIOUS House SponsorsRep. Steven Reick 1/7/2025HouseSession Sine Die 40 ILCS 5/1-16040 ILCS 5/2-108.1from Ch. 108 1/2, par. 2-108.140 ILCS 5/2-119.1from Ch. 108 1/2, par. 2-119.140 ILCS 5/14-103.10from Ch. 108 1/2, par. 14-103.1040 ILCS 5/15-111from Ch. 108 1/2, par. 15-11140 ILCS 5/18-125from Ch. 108 1/2, par. 18-12540 ILCS 5/18-128.01from Ch. 108 1/2, par. 18-128.0140 ILCS 5/1-103.340 ILCS 5/2-124from Ch. 108 1/2, par. 2-12440 ILCS 5/14-13140 ILCS 5/15-155from Ch. 108 1/2, par. 15-15540 ILCS 5/16-158from Ch. 108 1/2, par. 16-15840 ILCS 5/18-131from Ch. 108 1/2, par. 18-13140 ILCS 5/2-101from Ch. 108 1/2, par. 2-10140 ILCS 5/2-105from Ch. 108 1/2, par. 2-10540 ILCS 5/2-107from Ch. 108 1/2, par. 2-10740 ILCS 5/2-117from Ch. 108 1/2, par. 2-11740 ILCS 5/14-103.05from Ch. 108 1/2, par. 14-103.0540 ILCS 5/14-104from Ch. 108 1/2, par. 14-10440 ILCS 5/14-105.4from Ch. 108 1/2, par. 14-105.440 ILCS 5/18-101from Ch. 108 1/2, par. 18-10140 ILCS 5/18-108from Ch. 108 1/2, par. 18-10840 ILCS 5/18-109from Ch. 108 1/2, par. 18-10940 ILCS 5/18-110from Ch. 108 1/2, par. 18-11040 ILCS 5/2-16240 ILCS 5/14-152.140 ILCS 5/15-19840 ILCS 5/16-20340 ILCS 5/18-16930 ILCS 805/8.47 new Amends the Illinois Pension Code. Provides that, beginning January 1, 2024, the annual earnings, salary, or wages (based on the plan year) of a Tier 2 member or participant under the General Assembly, State Employees, State Universities, Downstate Teachers, Chicago Teachers, or Judges Article shall not exceed 90.5% of the federal Social Security Wage Base then in effect or the amount otherwise calculated under the Tier 2 provisions, whichever is greater. Makes changes to the funding formula beginning in fiscal year 2025 for the 5 State-funded retirement systems. Restricts participation in the General Assembly Retirement System and Judges Retirement System to persons who first become participants before January 8, 2025. Provides for participation under the State Employees Article by members of the General Assembly and judges. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately. 2/9/2024HouseFiled with the Clerk by Rep. Steven Reick 2/9/2024HouseFirst Reading 2/9/2024HouseReferred to Rules Committee 3/12/2024HouseAssigned to Personnel & Pensions Committee 4/5/2024HouseRule 19(a) / Re-referred to Rules Committee 1/7/2025HouseSession Sine Die