PEN CD-IMRF-DEATH BENEFIT

Session: 103rd General Assembly
Year: 2024
Bill #: SB2915
Category: Labor, Personnel and Pensions
Position: No position
Mandate?
Revenue Loss? Yes
Authority Preemption?

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This is an IMRF initiative to amend the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Increases, except for persons who first retired prior to the effective date of the amendatory Act, the amount of the death benefit from $3,000 to $8,000. Makes conforming changes. Amends the State Mandates Act to require implementation without reimbursement. Effective January 1, 2025.



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