HB3372 Summary: Pension Code Eligibility Reforms

• Excludes employees of certain organizations from pension system participation if hired on or after the bill's effective date, including the Illinois Municipal League, park districts, school administrator associations, and other professional organizations.

• Restricts unused sick and vacation time payments from counting toward pension benefits for new employees hired on or after the effective date across multiple pension systems (Municipal, State Universities, Teachers Retirement System).

• Limits final rate of earnings calculations by excluding unused sick or vacation time payments for new participants in municipal and state employee pension systems.

• Allows existing employees and participants hired before the effective date to continue receiving service credit for accumulated unused sick leave under prior rules.

• Applies restrictions uniformly across Articles 7, 9, 14, 15, 16, and 17 of the Illinois Pension Code to prevent pension spiking through lump-sum payouts of accrued leave time.