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SB 2693

PERS CD-VETERAN PREFERENCE

104th Regular Session Introduced by Chris Balkema and 1 co-sponsor

SB 2693 modifies Illinois PERS veteran preference rules for creditable duty classification, potentially affecting pension calculations for veteran public employees.

Added as Co-Sponsor Sen. Chris Balkema
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WeVote Research Nonpartisan
Bill Summary · SB 2693

Legislative bill overview

SB 2693 proposes modifications to Illinois's Public Employees' Retirement System (PERS) regarding how veteran preference is applied or credited within the pension system. The bill specifically addresses CD (Creditable Duty) classifications and veteran status considerations for retirement benefits calculation or eligibility.

Why is this important

PERS affects tens of thousands of Illinois public employees and retirees, making changes to benefit calculations or eligibility criteria consequential for retirement security. Veteran-specific provisions can significantly impact military veterans employed in public service by potentially adjusting how their service is credited toward pension benefits or eligibility timelines.

Potential points of contention

  • Fiscal impact on pension fund: Changes to veteran crediting mechanisms could increase unfunded liabilities or require higher contributions from employers or employees depending on the modification
  • Equity among employee classes: Expanding veteran benefits may create questions about fairness toward non-veteran public employees with similar service records
  • Implementation complexity: Modifying CD calculations in an existing system requires careful actuarial review to prevent unintended consequences for current and future beneficiaries

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

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