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Pension Legislation Update December 2025

Pension Legislation Update December 2025

by Tom Radja | Dec 16, 2025 | Pension, Police and Fire Pension

Pension Legislation Passed in 2025: Public Act 104-0284 (House Bill 3193) amended the Illinois Pension Code to allow for a new transfer provision between Article 3 police pension funds and Article 4 firefighters pension funds. The statutory changes allow for a 6-month...
Pension Legislation Update December 2025

Pension Legislation Update July 2025

by Tom Radja | Jul 23, 2025 | Pension, Police and Fire Pension

HB1648 – 40 ILCS 5/4-135 Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides that an annuitant or disability beneficiary may direct, in writing, that a monthly payment be made to an association or organization with which the annuitant...
Police Officers Returning from Disability Must Be Reinstated at Same Rank and Pay

Police Officers Returning from Disability Must Be Reinstated at Same Rank and Pay

by Tom Radja | Jan 10, 2025 | Police and Fire Pension, Police Law, Police Officers

Effective January 1, 2025, Public Act 103-929 was enacted by the Illinois General Assembly.  This Act changed the Illinois Municipal Code to make it mandatory that the Chief of Police of a municipal police department must order immediate reinstatement of a police...
Tier 2 Benefits for Police & Firefighters in Illinois

Tier 2 Benefits for Police & Firefighters in Illinois

by Tom Radja | Sep 29, 2024 | Employment benefits, Pension, Police and Fire Pension

Tier 2 Benefits apply to a police officer or firefighter who first becomes a participant in an Article 3 or Article 4 pension fund on or after January 1, 2011. This article will highlight Tier  2 benefits.   Tier II Benefits:   Service Retirement Benefits:   55 years...
Use of Money Market Mutual Funds For Article 3 & 4 Local Funds

Use of Money Market Mutual Funds For Article 3 & 4 Local Funds

by Tom Radja | Jun 12, 2024 | Employment benefits, Pension

The Illinois Department of Insurance (“IDOI”) issued The Siren on February 8, 2024 addressing the amount of money Article 3 and 4 pension funds may keep in a retained local account to cover benefit payments and expenses. According to the IDOI, Article 3 and 4 funds...
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