· IL legislature · 104th

PEN CD-DEFERRED RETIRE OPTION

Amends the Illinois Pension Code. Creates the Deferred Retirement Option Article. Provides a deferred retirement option plan (DROP) for certain participants under the Downstate Teacher Article who are eligible to retire and meet other criteria. Provides that a participant in the DROP may elect to participate for up…

Sponsor

Jackie Haas (R-IL)

Introduced

2025-02-05

Policy area

Labor and Employment

Latest action

Rule 19(a) / Re-referred to Rules Committee