IL HB2664

Amends the Revised Uniform Unclaimed Property Act to exclude annuity, pension, and benefit funds held by Illinois retirement systems created under Articles 2, 7, 14, 15, 16, 17, or 18 of the Illinois Pension Code from the Act's application.

Requires retirement systems to report property presumed abandoned in pension and benefit funds to the administrator, including the beneficiary's name, last known address, Social Security number or taxpayer ID, and dollar amount.

Prohibits retirement systems from paying or delivering any annuity, pension, or benefit funds held in fiduciary capacity to the state administrator.

Makes the exclusion retroactively effective to January 1, 2018, except for the reporting requirement which is effective upon passage of the amendatory act.