102nd General Assembly Bills

for IMRF Members, IMRF Employers, Public Officials, Media and General Public
Illinois State Capitol

Legislation Introduced in 2021

House Bills

Bill Number Sponsor Summary Board Position
HB 45 Rep. Katie Stuart / Sen. Melinda Bush
Converts certain language in the Illinois statutes to be gender neutral; for IMRF, changes "aldermen" to "alderpersons"
NEUTRAL
HB 126 Rep. Dave Vella / Rep. Rachelle Crowe
Allows active members of an Article 3 police pension fund to transfer service earned in IMRF as a police officer, including SLEP service, to an Article 3 fund. Allows those members to reinstate a refund in order to transfer the service.
NO POSITION
HB 170, as amended Rep. Lawrence Walsh
Adds the firefighters from a municipality that meets certain criteria to IMRF SLEP. Also creates an occupational disease disability pension for all firefighters and firefighter/paramedics that participate in IMRF (amendment not yet adopted)
OPPOSE
HB 447 Rep. Curtis Tarver
Adds certain felonies to the list of those for which a member will forfeit his or her pension, even if not job-related. Applies to new SLEP members, as well as public safety members in other systems.
NO POSITION
HB 1429, as amended by HA #1 Rep. Curtis Tarver
Includes the provisions of HB 447 and requires the court to determine, using specific factors, if the conviction forfeits the member's pension as a disqualifying offense (amendment has not yet been adopted)
NO POSITION
HB 1429, as amended by HA #2 Rep. Curtis Tarver
Contains a technical correction to House Amendment #1 (amendment has not yet been adopted)
NO POSITION
HB 1429, as amended by HA #3 Rep. Curtis Tarver
Applies the provisions of House Bill 447 to all new members of any Illinois public pension system (amendment has not yet been adopted)
NO POSITION
HB 1735 Rep. Maurice West
Terminates the office of coroner and requires county boards to appoint medical examiners. For IMRF, removes the term "coroner" from those eligible to participate in ECO.
NEUTRAL
HB 1844, as amended Rep. Janet Yang Rohr
Requires all public pension systems to determine annutally the carbon footprint of its investment portfolio and make the report public. Allows the systems to use outside financial data providers to collect the required information. (amendment has been introduced, but not adopted)
NO POSITION
HB 2578 Rep. Mike Murphy
Creates a Task Force to study and make recommendations for changes to pension funds to reduce taxpayer burden and assure members are treated fairly
NO POSITION
HB 2847
Rep. Blaine Wilhour
Limits the total annual pension to no more than $132,900, indexed annually. Applies to new and current annuitants
OPPOSE
HB 2848
Rep. Blaine Wilhour
Sets annual increases at the percentage increase in the CPI-u for the preceding 12 months. Applies to new and current annuitants.
OPPOSE
HB 2849
Rep. Blaine Wilhour
Increases the minimum age for pension eligibility by one year as of the effective date and an additional year effective five years after the effective date.
OPPOSE
HB 2973
Rep. Thomas Morrison
In the provisions applicable to IMRF, excludes unused sick or vacation time from being used for reportable earnings or service credit (new members only). Also creates a Tier 3 plan for the state-funded systems and makes changes to other pension systems.
NEUTRAL
HB 2976
Rep. Thomas Morrison
In the provisions applicable to IMRF, prohibits participation by part-time elected officials (also applicable to the Chicago Municipal and Cook County funds) - newly elected officials only. Also closes the General Assembly Retirement System to new members.
NEUTRAL
HB 3004, as amended
Rep Mark Batinick / Sen. John Connor
Prohibits trustees from being employed by that pension fund or a vendor to that fund for one year after he or she is no longer a trustee. Applies to all Illinois public pension funds.
NO POSITION
HB 3062
Rep. Camille Lilly
Requires all funds to develop a climate change risk minimization policy for fund investment policies.
NEUTRAL
HB 3474
Rep. Michael Halpin / Sen. Linda Holmes
Prohibits candidates who meet the criteria to serve as an Executive Trustee from serving as an Employee Trustee
OPPOSE
HB 4013, as amended
Rep. Kelly Cassidy
Converts certain language in the Illinois statutes to be gender neutral; for IMRF, changes "aldermen" to "alders." Substantially similar to House Bill 45 (amendment has not yet been adopted)
NEUTRAL

*Pending recommendation by the Legislative Committee and approval by the IMRF Board of Trustees

Senate Bills

Bill Number Sponsor Summary Board Position
SB 43
Sen. Robert Martwick
Sets the age for the required minimum distribution at the age found in the federal Internal Revenue Code. Makes corresponding changes for other systems.
SUPPORT
SB 53
Sen. Robert Martwick
Moves the Tier 2 language for the regular plan from Article 1 (the General Provisions Article, which is applicable to all of the systems) to Article 7. It makes no substantive changes to Tier 2. Also removes a requirement that IMRF have the audit firm approved by the state Auditor General.
SUPPORT
SB 296 Sen. Karina Villa
Requires (rather than permits) all funds to indemnify all trustees and staff (rather than trustees, staff, and consultants) against damage claims and suits, when the claim is sought for negligent or wrongful acts in the scope of employment or at the direction of the trustees.
SUPPORT
SB 460, as amended Sen. Napoleon Harris / Rep. Lamont Robinson
Creates an exemption to the competitive bid process for contracts for emerging managers through a Manager of Managers program. Also specifically allows for graduation of managers from the program for direct investment as long as they have been in the program for at least 24 months and have received the recommendation for graduation by the Manager of Manager program investment adviser.
NO POSITION
SB 611 Sen. Craig Wilcox Adds veteran-owned firms to the type of first that qualify as emerging investment managers and requires goals for veteran-owned firms to be established in the same manner that separate goals must be developed for the current three categories. Applicable to all public pension systems.
NEUTRAL
SB 1056, as amended Sen. Robert Martwick / Rep. Emanuel Chris Welch Includes technical change proposals from various systems. In the provisions applicable to IMRF, moves the Tier 2 provisions for the regular plan from Article 1 to Article 7 and removes a requirement that state Auditor General approve the Fund's audit firm, both of which were included in SB 53. It also sets the age for the required minimum distribution to that included in the federal Internal Revenue Code, which were included in SB 43. Also allows current Commerce Commission officers participating in SERS to transfer IMRF SLEP service to that system, which was originally in SB 2104. (amendment has not yet been adopted)
SUPPORT
SB 1430, as amended Sen. Donald DeWitte Allows participating municipalities to cease participation IMRF (for new employees) and create their own alternative retirement plans, if they choose. The bill also deems employees of employers that choose an alternative retirement plan to be considered members of IMRF for purposes of maintaining Social Security coverage. (amendment has not yet been adopted)
OPPOSE
SB 1980, as introduced Sen. Laura Fine Allows courts to award reasonable attorney's fees and costs in actions where the payment of benefits to a member or beneficiary is brought under the Pension Code or pension clause of the Illinois Constitution. Applies to all pension funds.
OPPOSE
SB 1980, as amended Sen. Laura Fine Requires courts to award reasonable attorneys fees and costs (rather than allows, as in the original bill) in actions wher ethe payment of benefits to the member or beneficiary is brought under the Pension Code or pension clause of the Illinois Constitution. Applies to all pension funds.
OPPOSE
SB 2103 as amended Sen. Robert Martwick The bill has been amended and no longer affects IMRF
N/A
SB 2104 Sen. Robert Martwick In the provision applicable to IMRF, adds Commerce Commission police officers to the list of SERS participants eligible to transfer service from IMRF SLEP to SERS. Makes similar changes to other systems.
NEUTRAL
SB 2106 Sen. Robert Martwick Sets the age for the required minimum distribution at the age found in the federal Internal Revenue Code. Makes corresponding changes for other systems. Identical to SB 43.
SUPPORT
SB 2107, as amended by SA #1 Sen. Robert Martwick / Rep. Michael Halpin Adds the Firefighters' Pension Investment Fund to the list of entities eligible to participate in IMRF for purposes of allowing that fund's staff to participate in IMRF.
NEUTRAL
SB 2107, as amended by SA #2 Sen. Robert Martwick / Rep. Michael Halpin Adds the Police Officers' Pension Investment Fund to the list of entities eligible to participate in IMRF for purposes of allowing that fund's staff to participate in IMRF.
NO POSITION
SB 2211 Sen. Jason Plummer Limits retroactive service to 30 days
NEUTRAL

*Pending recommendation by the Legislative Committee and approval by the IMRF Board of Trustees