PEN CD-IMRF-TIER 2 SLEP SALARY
HB 4390 modifies IMRF Tier 2 pension salary calculations for supplemental law enforcement personnel, potentially altering retirement benefit obligations for municipalities and affected officers.
HB 4390 modifies IMRF Tier 2 pension salary calculations for supplemental law enforcement personnel, potentially altering retirement benefit obligations for municipalities and affected officers.
HB 4390 modifies pension provisions for Tier 2 participants in the Illinois Municipal Employees' Retirement Fund (IMRF), specifically affecting how salary is calculated for pension benefits under the Supplemental Law Enforcement Personnel (SLEP) program. The bill appears to adjust compensation definitions or salary averaging periods that determine retirement payouts for eligible law enforcement employees.
Pension calculation methodologies directly affect the retirement income security of law enforcement officers and the long-term fiscal obligations of municipal governments and the IMRF system. Changes to salary definitions can have significant costs—either increasing municipal pension liabilities or altering what officers receive in retirement, impacting recruitment and retention in law enforcement.
Compiled from official sources — confirm details with the bill’s official record.
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