HB2305 Summary

• Reduces the minimum retirement age from 60 to 55 for security employees of the Department of Corrections or Department of Juvenile Justice under Tier 2 provisions, requiring 20 years of eligible creditable service.

• Age 55 eligibility applies regardless of whether the employee is still in active service at the time of reaching that age.

• Creates a new subsection (g-1) in Section 1-160 to establish separate alternative retirement formula provisions for DOC and DOJ security employees, distinct from other law enforcement personnel.

• Excludes benefit increases resulting from this amendment from the definition of "new benefit increase" under Section 14-152.1, preventing the 5-year expiration requirement.

• Takes effect immediately upon becoming law.