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SB3388 • 2026

PEN CD-ACCEL BENEFIT PAYMENT

PEN CD-ACCEL BENEFIT PAYMENT

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Li Arellano, Jr.
Last action
2026-02-04
Official status
Referred to Assignments
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

PEN CD-ACCEL BENEFIT PAYMENT

PEN CD-ACCEL BENEFIT PAYMENT

What This Bill Does

  • PEN CD-ACCEL BENEFIT PAYMENT

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-04 Illinois General Assembly

    Filed with Secretary by Sen. Li Arellano, Jr.

  2. 2026-02-04 Illinois General Assembly

    First Reading

  3. 2026-02-04 Illinois General Assembly

    Referred to Assignments

Official Summary Text

PEN CD-ACCEL BENEFIT PAYMENT

Current Bill Text

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Illinois General Assembly - Full Text of SB3388

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104TH GENERAL ASSEMBLY
State of Illinois
2025 and 2026
SB3388

Introduced 2/4/2026, by Sen. Li Arellano, Jr.

SYNOPSIS AS INTRODUCED:

See Index

Amends the Downstate Police, Downstate Firefighter, and Illinois
Municipal Retirement Fund (IMRF) Articles of the Illinois Pension Code.
Establishes an accelerated pension benefit payment in lieu of any pension
benefit under which an eligible person may elect to receive an amount
determined by the Fund to be equal to 60% of the present value of his or
her pension benefits in lieu of receiving any pension benefit. Establishes
an accelerated pension benefit payment for a reduction in annual
retirement annuity and survivor's annuity increases, as applicable, under
which a Tier 1 member may elect to receive an accelerated pension benefit
payment equal to 70% of the difference of the present value of the
automatic annual increases to a Tier 1 member's retirement annuity and
survivor's annuity using the formula applicable to the Tier 1 member and
the present value of the automatic annual increases to the Tier 1 member's
retirement annuity using a specified formula and survivor's annuity using
a specified formula. Provides that, upon receipt of a member's irrevocable
election to receive an accelerated pension benefit payment, the Fund shall
transfer the amount of the accelerated pension benefit payment into the
member's eligible retirement plan or qualified account. Amends the State
Mandates Act to require implementation without reimbursement. Effective
immediately.
LRB104 18983 RPS 32428 b
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
MAY APPLY

A BILL FOR

SB3388
LRB104 18983 RPS 32428 b
1

AN ACT concerning public employee benefits.

2

Be it enacted by the People of the State of Illinois,
3
represented in the General Assembly:

4

Section 10.
The Illinois Pension Code is amended by adding
5
Sections 3-144.3, 3-144.4, 4-138.15, 4-138.16, 7-217.5, and
6
7-217.6 as follows:

7

(40 ILCS 5/3-144.3 new)
8

Sec. 3-144.3.
Accelerated pension benefit payment in lieu
9
of any pension benefit.
10

(a) As used in this Section:
11

"Eligible person" means a person who:
12

(1) has terminated service;
13

(2) has accrued sufficient service credit to be
14

eligible to receive a retirement pension under this
15

Article;
16

(3) has not received any retirement pension under this
17

Article; and
18

(4) has not made the election under Section 3-144.4.
19

"Pension benefit" means the benefits under this Article,
20
or Article 1 as it relates to those benefits, including any
21
anticipated annual increases, that an eligible person is
22
entitled to upon attainment of the applicable retirement age.
23
"Pension benefit" also includes applicable survivor's or

SB3388
- 2 -
LRB104 18983 RPS 32428 b
1
disability benefits.
2

(b) As soon as practical after the effective date of this
3
amendatory Act of the 104th General Assembly, the fund shall
4
calculate, using actuarial tables and other assumptions
5
adopted by the Board, the present value of pension benefits
6
for each eligible person who requests that information and
7
shall offer each eligible person the opportunity to
8
irrevocably elect to receive an amount determined by the fund
9
to be equal to 60% of the present value of his or her pension
10
benefits in lieu of receiving any pension benefit. The offer
11
shall specify the dollar amount that the eligible person will
12
receive if he or she so elects and shall expire when a
13
subsequent offer is made to an eligible person. An eligible
14
person is limited to one calculation and offer per calendar
15
year. The fund shall make a good faith effort to contact every
16
eligible person to notify him or her of the election.
17

Until 3 years after the effective date of this amendatory
18
Act of the 104th General Assembly, an eligible person may
19
irrevocably elect to receive an accelerated pension benefit
20
payment in the amount that the fund offers under this
21
subsection in lieu of receiving any pension benefit.
22

(c) A person's creditable service under this Article shall
23
be terminated upon the person's receipt of an accelerated
24
pension benefit payment under this Section, and no other
25
benefit shall be paid under this Article based on the
26
terminated creditable service, including any retirement,

SB3388
- 3 -
LRB104 18983 RPS 32428 b
1
survivor, or other benefit.
2

(d) If a person who has received an accelerated pension
3
benefit payment under this Section returns to active service
4
under this Article, then:
5

(1) Any benefits under the fund earned as a result of
6

that return to active service shall be based solely on the
7

person's creditable service arising from the return to
8

active service.
9

(2) The accelerated pension benefit payment may not be
10

repaid to the fund, and the terminated creditable service
11

may not under any circumstances be reinstated.
12

(e) As a condition of receiving an accelerated pension
13
benefit payment, the accelerated pension benefit payment must
14
be transferred into a tax qualified retirement plan or
15
account. The accelerated pension benefit payment under this
16
Section may be subject to withholding or payment of applicable
17
taxes, but to the extent permitted by federal law, a person who
18
receives an accelerated pension benefit payment under this
19
Section must direct the fund to pay all of that payment as a
20
rollover into another retirement plan or account qualified
21
under the Internal Revenue Code of 1986, as amended.
22

(f) Upon receipt of a member's irrevocable election to
23
receive an accelerated pension benefit payment under this
24
Section, the fund shall transfer the amount of the accelerated
25
pension benefit payment into the member's eligible retirement
26
plan or qualified account.

SB3388
- 4 -
LRB104 18983 RPS 32428 b
1

(g) The Board shall adopt any rules, including emergency
2
rules, necessary to implement this Section.
3

(h) No provision of this Section shall be interpreted in a
4
way that would cause the applicable fund to cease to be a
5
qualified plan under the Internal Revenue Code of 1986.

6

(40 ILCS 5/3-144.4 new)
7

Sec. 3-144.4.
Accelerated pension benefit payment for a
8
reduction in annual retirement pension increases.
9

(a) As used in this Section:
10

"Accelerated pension benefit payment" means a lump-sum
11
payment equal to 70% of the difference of the present value of
12
the automatic annual increases to a Tier 1 member's retirement
13
pension using the formula applicable to the Tier 1 member and
14
the present value of the automatic annual increases to the
15
Tier 1 member's retirement pension using the formula provided
16
under subsection (b-5).
17

"Eligible person" means a person who:
18

(1) is a Tier 1 member;
19

(2) has submitted an application for a retirement
20

pension under this Article;
21

(3) meets the age and service requirements for
22

receiving a retirement pension under this Article;
23

(4) has not received any retirement pension under this
24

Article; and
25

(5) has not made the election under Section 3-144.3.

SB3388
- 5 -
LRB104 18983 RPS 32428 b
1

"Tier 1 member" means a person who first became a police
2
officer under this Article before January 1, 2011.
3

(b) As soon as practical after the effective date of this
4
amendatory Act of the 104th General Assembly and until 3 years
5
after the effective date of this amendatory Act of the 104th
6
General Assembly, the fund shall implement an accelerated
7
pension benefit payment option for eligible persons. Upon the
8
request of an eligible person, the fund shall calculate, using
9
actuarial tables and other assumptions adopted by the Board,
10
an accelerated pension benefit payment amount and shall offer
11
that eligible person the opportunity to irrevocably elect to
12
have his or her automatic annual increases in retirement
13
pension calculated in accordance with the formula provided
14
under subsection (b-5) in exchange for the accelerated pension
15
benefit payment. The election under this subsection must be
16
made before the eligible person receives the first payment of
17
a retirement pension otherwise payable under this Article.
18

(b-5) Notwithstanding any other provision of law, the
19
retirement pension of a person who made the election under
20
subsection (b) shall be subject to annual increases on the
21
January 1 occurring either on or after the attainment of age 67
22
or the first anniversary of the pension start date, whichever
23
is later. Each annual increase shall be calculated at 1.5% of
24
the originally granted retirement pension.
25

(c) If a person who has received an accelerated pension
26
benefit payment returns to active service under this Article,

SB3388
- 6 -
LRB104 18983 RPS 32428 b
1
then:
2

(1) the calculation of any future automatic annual
3

increase in retirement pension shall be calculated in
4

accordance with the formula provided under subsection
5

(b-5); and
6

(2) the accelerated pension benefit payment may not be
7

repaid to the fund.
8

(d) As a condition of receiving an accelerated pension
9
benefit payment, the accelerated pension benefit payment must
10
be transferred into a tax qualified retirement plan or
11
account. The accelerated pension benefit payment under this
12
Section may be subject to withholding or payment of applicable
13
taxes, but to the extent permitted by federal law, a person who
14
receives an accelerated pension benefit payment under this
15
Section must direct the fund to pay all of that payment as a
16
rollover into another retirement plan or account qualified
17
under the Internal Revenue Code of 1986, as amended.
18

(d-5) Upon receipt of a member's irrevocable election to
19
receive an accelerated pension benefit payment under this
20
Section, the fund shall transfer the amount of the accelerated
21
pension benefit payment into the member's eligible retirement
22
plan or qualified account.
23

(e) The Board shall adopt any rules, including emergency
24
rules, necessary to implement this Section.
25

(f) No provision of this Section shall be interpreted in a
26
way that would cause the applicable fund to cease to be a

SB3388
- 7 -
LRB104 18983 RPS 32428 b
1
qualified plan under the Internal Revenue Code of 1986.

2

(40 ILCS 5/4-138.15 new)
3

Sec. 4-138.15.
Accelerated pension benefit payment in lieu
4
of any pension benefit.
5

(a) As used in this Section:
6

"Eligible person" means a person who:
7

(1) has terminated service;
8

(2) has accrued sufficient service credit to be
9

eligible to receive a retirement pension under this
10

Article;
11

(3) has not received any retirement pension under this
12

Article; and
13

(4) has not made the election under Section 4-138.16.
14

"Pension benefit" means the benefits under this Article,
15
or Article 1 as it relates to those benefits, including any
16
anticipated annual increases, that an eligible person is
17
entitled to upon attainment of the applicable retirement age.
18
"Pension benefit" also includes applicable survivor's or
19
disability benefits.
20

(b) As soon as practical after the effective date of this
21
amendatory Act of the 104th General Assembly, the fund shall
22
calculate, using actuarial tables and other assumptions
23
adopted by the Board, the present value of pension benefits
24
for each eligible person who requests that information and
25
shall offer each eligible person the opportunity to

SB3388
- 8 -
LRB104 18983 RPS 32428 b
1
irrevocably elect to receive an amount determined by the fund
2
to be equal to 60% of the present value of his or her pension
3
benefits in lieu of receiving any pension benefit. The offer
4
shall specify the dollar amount that the eligible person will
5
receive if he or she so elects and shall expire when a
6
subsequent offer is made to an eligible person. An eligible
7
person is limited to one calculation and offer per calendar
8
year. The fund shall make a good faith effort to contact every
9
eligible person to notify him or her of the election.
10

Until 3 years after the effective date of this amendatory
11
Act of the 104th General Assembly, an eligible person may
12
irrevocably elect to receive an accelerated pension benefit
13
payment in the amount that the fund offers under this
14
subsection in lieu of receiving any pension benefit.
15

(c) A person's creditable service under this Article shall
16
be terminated upon the person's receipt of an accelerated
17
pension benefit payment under this Section, and no other
18
benefit shall be paid under this Article based on the
19
terminated creditable service, including any retirement,
20
survivor, or other benefit.
21

(d) If a person who has received an accelerated pension
22
benefit payment under this Section returns to active service
23
under this Article, then:
24

(1) Any benefits under the fund earned as a result of
25

that return to active service shall be based solely on the
26

person's creditable service arising from the return to

SB3388
- 9 -
LRB104 18983 RPS 32428 b
1

active service.
2

(2) The accelerated pension benefit payment may not be
3

repaid to the fund, and the terminated creditable service
4

may not under any circumstances be reinstated.
5

(e) As a condition of receiving an accelerated pension
6
benefit payment, the accelerated pension benefit payment must
7
be transferred into a tax qualified retirement plan or
8
account. The accelerated pension benefit payment under this
9
Section may be subject to withholding or payment of applicable
10
taxes, but to the extent permitted by federal law, a person who
11
receives an accelerated pension benefit payment under this
12
Section must direct the fund to pay all of that payment as a
13
rollover into another retirement plan or account qualified
14
under the Internal Revenue Code of 1986, as amended.
15

(f) Upon receipt of a member's irrevocable election to
16
receive an accelerated pension benefit payment under this
17
Section, the fund shall transfer the amount of the accelerated
18
pension benefit payment into the member's eligible retirement
19
plan or qualified account.
20

(g) The Board shall adopt any rules, including emergency
21
rules, necessary to implement this Section.
22

(h) No provision of this Section shall be interpreted in a
23
way that would cause the applicable fund to cease to be a
24
qualified plan under the Internal Revenue Code of 1986.

25

(40 ILCS 5/4-138.16 new)

SB3388
- 10 -
LRB104 18983 RPS 32428 b
1

Sec. 4-138.16.
Accelerated pension benefit payment for a
2
reduction in annual retirement pension increases.
3

(a) As used in this Section:
4

"Accelerated pension benefit payment" means a lump-sum
5
payment equal to 70% of the difference of the present value of
6
the automatic annual increases to a Tier 1 member's retirement
7
pension using the formula applicable to the Tier 1 member and
8
the present value of the automatic annual increases to the
9
Tier 1 member's retirement pension using the formula provided
10
under subsection (b-5).
11

"Eligible person" means a person who:
12

(1) is a Tier 1 member;
13

(2) has submitted an application for a retirement
14

pension under this Article;
15

(3) meets the age and service requirements for
16

receiving a retirement pension under this Article;
17

(4) has not received any retirement pension under this
18

Article; and
19

(5) has not made the election under Section 4-138.15.
20

"Tier 1 member" means a person who first became a
21
firefighter before January 1, 2011.
22

(b) As soon as practical after the effective date of this
23
amendatory Act of the 104th General Assembly and until 3 years
24
after the effective date of this amendatory Act of the 104th
25
General Assembly, the fund shall implement an accelerated
26
pension benefit payment option for eligible persons. Upon the

SB3388
- 11 -
LRB104 18983 RPS 32428 b
1
request of an eligible person, the fund shall calculate, using
2
actuarial tables and other assumptions adopted by the Board,
3
an accelerated pension benefit payment amount and shall offer
4
that eligible person the opportunity to irrevocably elect to
5
have his or her automatic annual increases in retirement
6
pension calculated in accordance with the formula provided
7
under subsection (b-5) in exchange for the accelerated pension
8
benefit payment. The election under this subsection must be
9
made before the eligible person receives the first payment of
10
a retirement pension otherwise payable under this Article.
11

(b-5) Notwithstanding any other provision of law, the
12
retirement pension of a person who made the election under
13
subsection (b) shall be subject to annual increases on the
14
January 1 occurring either on or after the attainment of age 67
15
or the first anniversary of the pension start date, whichever
16
is later. Each annual increase shall be calculated at 1.5% of
17
the originally granted retirement pension.
18

(c) If a person who has received an accelerated pension
19
benefit payment returns to active service under this Article,
20
then:
21

(1) the calculation of any future automatic annual
22

increase in retirement pension shall be calculated in
23

accordance with the formula provided under subsection
24

(b-5); and
25

(2) the accelerated pension benefit payment may not be
26

repaid to the fund.

SB3388
- 12 -
LRB104 18983 RPS 32428 b
1

(d) As a condition of receiving an accelerated pension
2
benefit payment, the accelerated pension benefit payment must
3
be transferred into a tax qualified retirement plan or
4
account. The accelerated pension benefit payment under this
5
Section may be subject to withholding or payment of applicable
6
taxes, but to the extent permitted by federal law, a person who
7
receives an accelerated pension benefit payment under this
8
Section must direct the fund to pay all of that payment as a
9
rollover into another retirement plan or account qualified
10
under the Internal Revenue Code of 1986, as amended.
11

(d-5) Upon receipt of a member's irrevocable election to
12
receive an accelerated pension benefit payment under this
13
Section, the fund shall transfer the amount of the accelerated
14
pension benefit payment into the member's eligible retirement
15
plan or qualified account.
16

(e) The Board shall adopt any rules, including emergency
17
rules, necessary to implement this Section.
18

(f) No provision of this Section shall be interpreted in a
19
way that would cause the applicable fund to cease to be a
20
qualified plan under the Internal Revenue Code of 1986.

21

(40 ILCS 5/7-217.5 new)
22

Sec. 7-217.5.
Accelerated pension benefit payment in lieu
23
of any pension benefit.
24

(a) As used in this Section:
25

"Eligible person" means a person who:

SB3388
- 13 -
LRB104 18983 RPS 32428 b
1

(1) has terminated service;
2

(2) has accrued sufficient service credit to be
3

eligible to receive a retirement annuity under this
4

Article;
5

(3) has not received any retirement annuity under this
6

Article; and
7

(4) has not made the election under Section 7-217.6.
8

"Pension benefit" means the benefits under this Article,
9
or Article 1 as it relates to those benefits, including any
10
anticipated annual increases, that an eligible person is
11
entitled to upon attainment of the applicable retirement age.
12
"Pension benefit" also includes applicable survivor's or
13
disability benefits.
14

(b) As soon as practical after the effective date of this
15
amendatory Act of the 104th General Assembly, the Fund shall
16
calculate, using actuarial tables and other assumptions
17
adopted by the Board, the present value of pension benefits
18
for each eligible person who requests that information and
19
shall offer each eligible person the opportunity to
20
irrevocably elect to receive an amount determined by the Fund
21
to be equal to 60% of the present value of his or her pension
22
benefits in lieu of receiving any pension benefit. The offer
23
shall specify the dollar amount that the eligible person will
24
receive if he or she so elects and shall expire when a
25
subsequent offer is made to an eligible person. An eligible
26
person is limited to one calculation and offer per calendar

SB3388
- 14 -
LRB104 18983 RPS 32428 b
1
year. The Fund shall make a good faith effort to contact every
2
eligible person to notify him or her of the election.
3

Until 3 years after the effective date of this amendatory
4
Act of the 104th General Assembly, an eligible person may
5
irrevocably elect to receive an accelerated pension benefit
6
payment in the amount that the Fund offers under this
7
subsection in lieu of receiving any pension benefit. A person
8
who elects to receive an accelerated pension benefit payment
9
under this Section may not elect to proceed under the
10
Retirement Systems Reciprocal Act with respect to service
11
under this Article.
12

(c) A person's creditable service under this Article shall
13
be terminated upon the person's receipt of an accelerated
14
pension benefit payment under this Section, and no other
15
benefit shall be paid under this Article based on the
16
terminated creditable service, including any retirement,
17
survivor, or other benefit.
18

(d) If a person who has received an accelerated pension
19
benefit payment under this Section returns to active service
20
under this Article, then:
21

(1) Any benefits under the Fund earned as a result of
22

that return to active service shall be based solely on the
23

person's creditable service arising from the return to
24

active service.
25

(2) The accelerated pension benefit payment may not be
26

repaid to the Fund, and the terminated creditable service

SB3388
- 15 -
LRB104 18983 RPS 32428 b
1

may not under any circumstances be reinstated.
2

(e) As a condition of receiving an accelerated pension
3
benefit payment, the accelerated pension benefit payment must
4
be transferred into a tax qualified retirement plan or
5
account. The accelerated pension benefit payment under this
6
Section may be subject to withholding or payment of applicable
7
taxes, but to the extent permitted by federal law, a person who
8
receives an accelerated pension benefit payment under this
9
Section must direct the Fund to pay all of that payment as a
10
rollover into another retirement plan or account qualified
11
under the Internal Revenue Code of 1986, as amended.
12

(f) Upon receipt of a member's irrevocable election to
13
receive an accelerated pension benefit payment under this
14
Section, the Fund shall transfer the amount of the accelerated
15
pension benefit payment into the member's eligible retirement
16
plan or qualified account.
17

(g) The Board shall adopt any rules, including emergency
18
rules, necessary to implement this Section.
19

(h) No provision of this Section shall be interpreted in a
20
way that would cause the applicable Fund to cease to be a
21
qualified plan under the Internal Revenue Code of 1986.

22

(40 ILCS 5/7-217.6 new)
23

Sec. 7-217.6.
Accelerated pension benefit payment for a
24
reduction in annual retirement annuity and survivor's annuity
25
increases.

SB3388
- 16 -
LRB104 18983 RPS 32428 b
1

(a) As used in this Section:
2

"Accelerated pension benefit payment" means a lump-sum
3
payment equal to 70% of the difference of the present value of
4
the automatic annual increases to a Tier 1 regular employee's
5
retirement annuity and survivor's annuity using the formula
6
applicable to the Tier 1 regular employee and the present
7
value of the automatic annual increases to the Tier 1 regular
8
employee's retirement annuity using the formula provided under
9
subsection (b-5) and survivor's annuity using the formula
10
provided under subsection (b-6). "Eligible person" means a
11
person who:
12

(1) is a Tier 1 regular employee;
13

(2) has submitted an application for a retirement
14

annuity under this Article;
15

(3) meets the age and service requirements for
16

receiving a retirement annuity under this Article;
17

(4) has not received any retirement annuity under this
18

Article; and
19

(5) has not made the election under Section 7-217.5.
20

(b) As soon as practical after the effective date of this
21
amendatory Act of the 104th General Assembly and until 3 years
22
after the effective date of this amendatory Act of the 104th
23
General Assembly, the Fund shall implement an accelerated
24
pension benefit payment option for eligible persons. Upon the
25
request of an eligible person, the Fund shall calculate, using
26
actuarial tables and other assumptions adopted by the Board,

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1
an accelerated pension benefit payment amount and shall offer
2
that eligible person the opportunity to irrevocably elect to
3
have his or her automatic annual increases in retirement
4
annuity calculated in accordance with the formula provided
5
under subsection (b-5) and any increases in survivor's annuity
6
payable to his or her survivor's annuity beneficiary
7
calculated in accordance with the formula provided under
8
subsection (b-6) in exchange for the accelerated pension
9
benefit payment. The election under this subsection must be
10
made before the eligible person receives the first payment of
11
a retirement annuity otherwise payable under this Article.
12

(b-5) Notwithstanding any other provision of law, the
13
retirement annuity of a person who made the election under
14
subsection (b) shall be subject to annual increases on the
15
January 1 occurring either on or after the attainment of age 67
16
or the first anniversary of the annuity start date, whichever
17
is later. Each annual increase shall be calculated at 1.5% of
18
the originally granted retirement annuity.
19

(b-6) Notwithstanding any other provision of law, a
20
survivor's annuity payable to a survivor's annuity beneficiary
21
of a person who made the election under subsection (b) shall be
22
subject to annual increases on the January 1 occurring on or
23
after the first anniversary of the commencement of the
24
annuity. Each annual increase shall be calculated at 1.5% of
25
the originally granted survivor's annuity.
26

(c) If a person who has received an accelerated pension

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LRB104 18983 RPS 32428 b
1
benefit payment returns to active service under this Article,
2
then:
3

(1) the calculation of any future automatic annual
4

increase in retirement annuity shall be calculated in
5

accordance with the formula provided under subsection
6

(b-5); and
7

(2) the accelerated pension benefit payment may not be
8

repaid to the Fund.
9

(d) As a condition of receiving an accelerated pension
10
benefit payment, the accelerated pension benefit payment must
11
be transferred into a tax qualified retirement plan or
12
account. The accelerated pension benefit payment under this
13
Section may be subject to withholding or payment of applicable
14
taxes, but to the extent permitted by federal law, a person who
15
receives an accelerated pension benefit payment under this
16
Section must direct the Fund to pay all of that payment as a
17
rollover into another retirement plan or account qualified
18
under the Internal Revenue Code of 1986, as amended.
19

(d-5) Upon receipt of a member's irrevocable election to
20
receive an accelerated pension benefit payment under this
21
Section, the Fund shall transfer the amount of the accelerated
22
pension benefit payment into the member's eligible retirement
23
plan or qualified account.
24

(e) The Board shall adopt any rules, including emergency
25
rules, necessary to implement this Section.
26

(f) No provision of this Section shall be interpreted in a

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LRB104 18983 RPS 32428 b
1
way that would cause the applicable Fund to cease to be a
2
qualified plan under the Internal Revenue Code of 1986.

3

Section 90.
The State Mandates Act is amended by adding
4
Section 8.50 as follows:

5

(30 ILCS 805/8.50 new)
6

Sec. 8.50.
Exempt mandate.
Notwithstanding Sections 6 and
7
8 of this Act, no reimbursement by the State is required for
8
the implementation of any mandate created by this amendatory
9
Act of the 104th General Assembly.

10

Section 99.
Effective date.
This Act takes effect upon
11
becoming law.

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LRB104 18983 RPS 32428 b
1

INDEX

2

Statutes amended in order of appearance

3

40 ILCS 5/3-144.3 new
4

40 ILCS 5/3-144.4 new
5

40 ILCS 5/4-138.15 new
6

40 ILCS 5/4-138.16 new
7

40 ILCS 5/7-217.5 new
8

40 ILCS 5/7-217.6 new
9

30 ILCS 805/8.50 new

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