County:

Neutral Bill Mar 16, 2026

PEN CD-IMRF-ANNUITY PAYMENT

Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Provides that, if the payment of a retirement annuity is made to an annuitant more than one month after that retirement annuity payment became payable, then the Fund shall pay interest to the annuitant in an amount equal to 6% of that payment of the retirement annuity. Amends the Illinois Insurance Code. In provisions concerning the municipal employee's continuance privilege, provides that if an employee has elected to have the monthly premium deducted by the Illinois Municipal Retirement Fund from the employee's monthly pension payment, then the Illinois Municipal Retirement Fund shall promptly remit the premium payments to the insurance company, regardless of whether the employee's monthly pension payment has been paid to the employee. Amends the State Mandates Act to require implementation without reimbursement.

https://legiscan.com/IL/bill/HB5540/2025
Bill data from LegiScan, used under CC BY 4.0.

Tom Weber State Representative Stephanie Kifowit State Representative Cosponsor Dave Severin State Representative Cosponsor John Cabello State Representative Cosponsor Kevin Schmidt State Representative Cosponsor Regan Deering State Representative Cosponsor Charlie Meier State Representative Cosponsor Travis Weaver State Representative Cosponsor Amy Elik State Representative Cosponsor Brad Fritts State Representative Cosponsor Rita Mayfield State Representative Cosponsor Natalie Manley State Representative Cosponsor Jeff Keicher State Representative Cosponsor Tony McCombie State Representative Cosponsor Bill Hauter State Representative Cosponsor Joe Sosnowski State Representative Cosponsor David Friess State Representative Cosponsor Brandun Schweizer State Representative Cosponsor Jackie Haas State Representative Cosponsor Amy Grant State Representative Cosponsor Kyle Moore State Representative Cosponsor Nicole La Ha State Representative Cosponsor Mike Coffey State Representative Cosponsor Patrick Windhorst State Representative Cosponsor Mary Gill State Representative Cosponsor Fred Crespo State Representative Cosponsor Will Davis State Representative Cosponsor Marty McLaughlin State Representative Cosponsor Dennis Tipsword State Representative Cosponsor Brad Halbrook State Representative Cosponsor Jed Davis State Representative Cosponsor Paul Jacobs State Representative Cosponsor Ryan Spain State Representative Cosponsor Chris Miller State Representative Cosponsor Patrick Sheehan State Representative Cosponsor

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