Tuesday, August 23, 2016 03:24 PM
SPRINGFIELD— Employees of lobbying entities would be ineligible for a taxpayer-funded pension under a new law spearheaded by State Sen. Jennifer Bertino-Tarrant (D-Shorewood).
House Bill 4259 was signed into law by the governor Friday.
Under the law, employees of certain organizations can no longer collect a pension through the Illinois Municipal Retirement Fund (IMRF), State Universities Retirement System (SURS) and the Teachers’ Retirement System (TRS).
“This change is past due,” Bertino-Tarrant said. “There is no reason why the taxpayers should be forced to pay pensions for lobbyists.”
Prior to today, employees of these associations were eligible for a pension through IMRF, SURS or TRS. Employees with the Illinois Principals Association or the Illinois Association of School Administrators could receive a SURS retirement. An employee of a school board association can get a TRS pension.
“There are examples of excessiveness that the law will help prevent moving forward,” Bertino-Tarrant said.
The changes made in the law Bertino-Tarrant’s sponsored would apply to individuals employed by an identified organization after the law becomes effective.
House Bill 4259 is effective Jan. 1, 2017.