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SB 1934

PEN CD-TIER 2 SURVIVOR BENEFIT

104th Regular Session Introduced by Rob Martwick

Summary of SB 1934: PEN CD-TIER 2 SURVIVOR BENEFIT OverviewThis bill, referred to as the "PEN CD-TIER 2 SURVIVOR BENEFIT" act, proposes changes to the Illinois Pension Code regardi

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Bill Summary · SB 1934

Summary of SB 1934: PEN CD-TIER 2 SURVIVOR BENEFIT

Overview

This bill, referred to as the "PEN CD-TIER 2 SURVIVOR BENEFIT" act, proposes changes to the Illinois Pension Code regarding survivor benefits for Tier 2 pension plan members. The bill was introduced on March 5, 2025 and is currently in the Assignments stage.

Key Provisions

The main purpose of SB 1934 is to enhance the survivor benefits available to the spouses and children of Tier 2 pension plan members who pass away. Specifically, the bill would:

  1. Increase Survivor Annuity Amounts: The bill would increase the percentage of the Tier 2 member's retirement annuity that is paid to their surviving spouse or children. Under current law, the survivor annuity is 66 2/3% of the Tier 2 member's retirement annuity - this bill would raise that to 75%.

  2. Extend Survivor Benefits for Children: The bill would extend the duration of survivor benefits paid to the children of a deceased Tier 2 member. Currently, child survivor benefits end at age 18 (or 22 if the child is a full-time student). SB 1934 would raise the age limit to 25, ensuring continued financial support for the member's children.

  3. Retroactive Application: The bill specifies that the enhanced survivor benefits would apply retroactively to the survivors of any Tier 2 members who have passed away since the Tier 2 pension plan was established.

Impact

This legislation, if enacted, would directly benefit the surviving spouses and children of Tier 2 pension plan members in Illinois. By increasing the survivor annuity amount and extending benefits for dependent children, the bill aims to provide more robust financial protections for these families in the event of the Tier 2 member's death.

The retroactive application of the enhanced survivor benefits would also ensure that survivors who have already experienced the loss of a loved one receive the improved level of support outlined in this bill.

Overall, SB 1934 represents an effort to strengthen the social safety net for Tier 2 pension plan participants and their families in Illinois.

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

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