Loading chat...

IL HB5540

Bill

Official Source

Status

Introduced

2/6/2026

Primary Sponsor

Tom Weber

Click for details

Origin

House of Representatives

104th General Assembly

AI Summary

  • IMRF must pay 6% interest on any retirement annuity payment made more than one month after it became payable
  • IMRF must promptly remit health insurance premium payments to insurers when retirees have elected pension deductions, regardless of whether the pension payment has been issued to the retiree
  • Protects municipal retirees' continued group health insurance coverage from lapsing due to pension payment delays
  • Amends the State Mandates Act to require implementation without state reimbursement to local governments

Legislative Description

PEN CD-IMRF-ANNUITY PAYMENT

Last Action

Assigned to Appropriations-Pensions & Personnel

3/12/2026

Committee Referrals

Appropriations-Personnel & Pensions3/12/2026
Rules2/13/2026

Full Bill Text

No bill text available