Illinois HB 2855: BENEFICIAL ELECTRIFICATION

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB2855

Introduced 2/6/2025, by Rep. Stephanie A. Kifowit 

SYNOPSIS AS INTRODUCED:

40 ILCS 5/5-167.1 from Ch. 108 1/2, par. 5-167.1

40 ILCS 5/5-238

40 ILCS 5/6-164 from Ch. 108 1/2, par. 6-164

40 ILCS 5/6-229

30 ILCS 805/8.49 new

 Amends the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. Provides that the Tier 2 monthly retirement annuity shall be increased on the January 1 occurring either on or after (i) the attainment of age 55 (instead of age 60) or (ii) the first anniversary of the annuity start date, whichever is later. Provides that each annual increase shall be calculated at 3% (instead of 3% or one-half the annual unadjusted percentage increase in the consumer price index-u, whichever is less) of the originally granted retirement annuity. In a provision specifying an annuity reduction factor for each year a retiring Tier 2 policeman or fireman is under the age of 55, provides that the retirement annuity of a policeman or fireman who is retiring after attaining age 50 with 20 or more years of service shall not be reduced. Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement.

LRB104 10678 RPS 20757 b

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
MAY APPLY

A BILL FOR

HB2855LRB104 10678 RPS 20757 b

1 AN ACT concerning public employee benefits.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Pension Code is amended by 

5changing Sections 5-167.1, 5-238, 6-164, and 6-229 as follows:

6 (40 ILCS 5/5-167.1) (from Ch. 108 1/2, par. 5-167.1)

7 Sec. 5-167.1. Automatic increase in annuity; retirement 

8from se