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Bill

SB 3075

PEN CD-ST SYS-DC PLAN

104th Regular Session Introduced by Neil Anderson and 1 co-sponsor

Illinois SB 3075 modifies Cook County's pension plan structure regarding defined contribution arrangements, affecting public employee retirement benefits and municipal fiscal obligations.

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WeVote Research Nonpartisan
Bill Summary · SB 3075

Legislative bill overview

SB 3075 appears to address the pension system in Cook County, Illinois, though the abbreviated title "PEN CD-ST SYS-DC PLAN" makes specific details unclear from available records. Based on the acronyms, it likely involves modifications to a defined contribution (DC) pension plan structure. The bill was recently introduced and is currently in the early referral stage.

Why this is important

Pension system reforms directly affect public employee benefits, municipal budget obligations, and taxpayer liability. Changes to defined contribution arrangements versus defined benefit systems can significantly alter retirement security for public workers and long-term financial commitments for local governments, making this potentially substantial policy matter.

Potential points of contention

  • Retirement security shifts: Converting or modifying pension structures could reduce predictability of retirement income for affected public employees
  • Fiscal impact uncertainty: Without detailed language, unclear whether changes increase or decrease municipal pension obligations and taxpayer burden
  • Stakeholder representation: Public employees, unions, retirees, and taxpayers typically have competing interests in pension reform legislation

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

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