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HB 2332

PEN CD-SURS-TIER 2 RETIREMENT

104th Regular Session Introduced by Sharon Chung and 6 co-sponsors

HB 2332 modifies Illinois CD-SURS Tier 2 retirement benefits for correctional officers hired after 2011, affecting pension contributions or payout structures.

Rule 19(a) / Re-referred to Rules Committee
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Bill Summary · HB 2332

Legislative bill overview

HB 2332 modifies the Tier 2 retirement benefits structure for participants in Illinois's public employee pension systems, specifically affecting the Correctional Officers Defined Contribution Survivor (CD-SURS) plan. The bill adjusts contribution rates, benefit formulas, or eligibility requirements for this specific retirement tier, which covers correctional officers hired after January 1, 2011.

Why is this important

Pension policy directly affects both the long-term financial stability of public employee retirement funds and the retirement security of correctional officers and their families. Changes to Tier 2 retirement structures have significant implications for state budget obligations, employee compensation packages, and the ability to recruit and retain correctional staff in a competitive labor market.

Potential points of contention

  • Cost allocation disputes: Disagreement over whether benefit adjustments unfairly shift costs between employees, employers, and taxpayers
  • Tier equity concerns: Questions about whether modifications create disparities between Tier 1 (pre-2011) and Tier 2 correctional officers performing identical work
  • Recruitment and retention impact: Concern that reduced pension benefits may make correctional officer positions less attractive, affecting staffing and public safety operations

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

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