SB2945 Summary

• Amends Section 4-109 of the Illinois Pension Code concerning downstate firefighter retirement pensions.

• Makes a technical correction to subsection (a) by striking redundant language ("the" appears twice in the original text).

• Applies to firefighters age 50 or older with 20 or more years of creditable service who receive a monthly pension of 1/2 the monthly salary at retirement, increasing by 1/12 of 2.5% for each additional month of service beyond 20 years, up to a maximum of 75%.

• Bill designated as having potential pension impact under the Pension Impact Note Act.