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Bill

HB 4384

PEN CD-IMRF-TIER 2 SLEP SALARY

104th Regular Session Introduced by John Cabello

HB 4384 modifies Illinois IMRF Tier 2 pension and salary provisions for specific municipal employees, potentially affecting retirement benefits and municipal pension obligations.

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Bill Summary · HB 4384

Legislative bill overview

HB 4384 appears to address pension and salary provisions for Tier 2 participants in the Illinois Municipal Retirement Fund (IMRF), specifically relating to "SLEP" (likely Salary Level Employees or similar classification). The bill was filed in January 2026 and is currently in the Rules Committee stage. Without access to the full bill text, the specific modifications to pension calculations or salary treatment cannot be definitively stated.

Why is this important

Municipal pension systems affect thousands of public employees' retirement security and represent significant long-term obligations for Illinois municipalities. Changes to IMRF Tier 2 provisions could impact current and future municipal employee compensation, retirement benefits, and local government budgeting and financial planning.

Potential points of contention

  • Pension liability implications: Any changes to Tier 2 IMRF benefits or salary calculations could affect the fund's actuarial soundness and municipal contribution rates
  • Equity between employee tiers: Modifications to Tier 2 provisions may raise concerns about fairness compared to Tier 1 employees or other public sector retirement systems
  • Municipal budget impact: Alterations to salary computations or pension accrual could create unforeseen costs for Illinois municipalities already facing fiscal constraints

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

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