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HB 2474

PEN CD-IMRF-RETURN TO SERVICE

104th Regular Session Introduced by Amy Elik

HB 2474 permits former Illinois public employees to rejoin the IMRF pension system after returning to county or municipal service, potentially increasing pension obligations and system costs.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 2474

Legislative bill overview

HB 2474 allows Illinois public employees who previously left the County Employees' and Special Annuitants' Retirement System (IMRF) to return to service and rejoin the pension system. The bill appears to address situations where former municipal or county employees wish to re-establish pension contributions after an employment gap.

Why is this important

Pension system re-entry policies affect workforce mobility and retirement security for public employees. This bill could influence rehiring decisions for municipalities and counties, as well as the long-term liability of Illinois' public pension systems, which face significant underfunding challenges statewide.

Potential points of contention

  • Pension liability concerns: Reopening participation may increase unfunded liabilities for already-strained Illinois public pension funds, raising questions about fiscal sustainability
  • Fairness of service credit: How much prior service time gets credited versus new contributions could create equity issues between returning and continuously-employed workers
  • Municipality budget impact: Local governments may face unexpected costs if significant numbers of former employees rejoin the system with favorable terms

Compiled from official sources — confirm details with the bill’s official record.

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