New Laws
- Public Act 103-0464 (Senate Bill 1824): This law requires all new IMRF Authorized Agents to complete an IMRF-provided training course within 3 months of appointment. The training must be made available online no less than quarterly and must be at no cost. Allows trustees who change jobs within a Board term to remain on the Board as long as there is no break in service and they continue to meet all eligibility requirements in the new job. Creates additional exemptions to what IMRF calls the Accelerated Payment, which requires employers to pay the employer portion of certain pension cost increases on a faster schedule than the remaining portion (this changes the timing of the payments, not the amount or liability party). Makes two technical changes/corrections to the Pension Code. Makes two technical corrections to the Pension Code.
- Public Act 103-0110 (Senate Bill 1924): This law adds Regional Offices of Education as a new educational employer type allowed to use "Unused, Unpaid Sick Time" accumulated from multiple educational employers.