$FY27 SERS OCE

104th Regular Session Introduced by Robyn Gabel

Provides the annual budget authority for SERS and the state contributions to SERS, Judges, and General Assembly retirement systems for fiscal year 2026-2027.

Bill Summary: HB5677 (104th General Assembly, Illinois)

Purpose and Intent

To make appropriations for the ordinary and contingent expenses of the State Employees' Retirement System (SERS) of Illinois for the fiscal year beginning July 1, 2026.

Sets funding levels for the State’s contributions to SERS and related retirement systems, as well as specific operating costs.

Key Provisions and Appropriations

General Funds – Ordinary and Contingent Expenses for SERS (Article 15)

Social Security Division – Operational Expenses: $27,400
Central Office – Employee Retirement Contributions paid by Employer for Prior Fiscal Years: $10,000

General Funds – SERS State Contribution (Article 21)

State contribution to the State Employees' Retirement System of Illinois: $1,838,482,920

General Funds – Other Retirement Systems

Judges Retirement System of Illinois – State contribution: $154,166,000

General Funds – General Assembly Retirement System

State contribution to the General Assembly Retirement System: $25,650,000

Effective Date

The act takes effect July 1, 2026.

Affected Entities and Financial Implications

State Employees' Retirement System of Illinois (SERS): Primary recipient of funding to support ongoing obligations for employee retirement benefits and related administrative expenses.

Judges Retirement System of Illinois: Receives specified employer contribution funding for the 2026 fiscal year.

General Assembly Retirement System: Receives specified employer contribution funding for the 2026 fiscal year.

State of Illinois General Revenue Fund: Source of all listed appropriations; reflects the state’s annual budgetary allocations to retirement systems and related administrative costs.

Timeline and Procedural Notes

Fiscal Year: Beginning July 1, 2026.

Effective Date: July 1, 2026.

The bill is introduced by Rep. Robyn Gabel (co-sponsor) and is categorized as an appropriation act for retirement systems.

Practical Impact

Provides the annual budget authority to fund SERS, including operations, and the state’s mandatory contributions to SERS, Judges Retirement System, and General Assembly Retirement System for the 2026-2027 period.

Clarifies the specific dollar amounts the General Revenue Fund will allocate to each retirement system and to the SERS administrative costs.

Ensures timely funding to meet retirement system obligations and related expenses for the upcoming fiscal year.