SB2342
View on ILGAPEN CD-SERS-DC PLAN
What this bill does
Amends the Illinois Pension Code. Requires the State Employees' Retirement System of Illinois to prepare and implement a defined contribution plan by July 1, 2027 that aggregates State and employee contributions in individual participant accounts that are used for payouts after retirement. Provides that a Tier 1 or Tier 2 participant may elect to participate in the defined contribution plan instead of the defined benefit plan and may also elect to terminate all participation in the defined benefit plan and to have a specified amount credited to his or her account under the defined contribution plan. Provides that a person who first becomes an employee after the effective date of the amendatory Act is not required to participate in the System as a condition of employment. Provides that, if a person who made the election to participate in the defined contribution plan terminates service and thereafter returns to service, he or she may either elect to participate in the defined contribution plan with regard to that service or not elect to participate in the defined contribution plan with regard to that service. Provides that an employee may elect not to participate in the System by notifying the System in writing in a manner specified by the System. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Makes conforming and other changes. Makes related changes in the State Employees Group Insurance Act of 1971. Effective immediately.
Calculating prediction drivers...
Pipeline Progress
Current stage: In Committee · Last action 548 days ago · STAGNANT
How does a bill become law in Illinois?
-
Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
-
Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
-
Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
-
Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
-
Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
-
Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Campaign finance
This is SBE campaign receipts to the people on this bill, not Moneyball and not earmarked to the bill.
Money is campaign receipts to matched candidate committees, not earmarked to this bill. Window 2025-01-01 – 2026-09-13.
Sponsor and voter funding
| Member | Role | Receipts | Total received | Top donors |
|---|---|---|---|---|
| Chris Balkema | Chief sponsor | 94 | $95,060.00 | Kevin Hoffman ($12,500.00); Richard Uihlein ($7,300.00); D Construction ($5,000.00) |
| Neil Anderson | Sponsor | 102 | $122,573.23 | Downstate Operators Joint Labor Management PAC ($10,000.00); Ameren Illinois ($7,500.00); Realtor PAC ($7,500.00) |
| Jil Tracy | Sponsor | 216 | $201,557.43 | Realtor Political Action Committee ($16,000.00); Save Our Local Businesses Illinois PAC ID#39860 ($10,000.00); Dot Foods, Inc. ($5,000.00) |
| Lakesia Collins | Sponsor | 193 | $308,369.08 | I.P.A.C.E ($77,800.00); Carpentry Advancement PAC Fund ($23,500.00); SEIU Healthcare IL/IN PAC ($11,279.00) |
Overlapping donors
Donors who gave to more than one sponsor or voter on this bill. Still not earmarked to the bill.
| Donor | Members | Total |
|---|---|---|
| Downstate Operators Joint Labor Management PAC | Neil Anderson, Chris Balkema | $12,500.00 |
| IBEW Illinois PAC | Chris Balkema, Lakesia Collins | $10,250.00 |
| Sports Betting Alliance | Neil Anderson, Jil Tracy | $10,000.00 |
| McDonald's Corporation | Jil Tracy, Lakesia Collins | $10,000.00 |
| Comcast | Neil Anderson, Jil Tracy | $6,000.00 |
| Community BancPac | Neil Anderson, Jil Tracy, Chris Balkema | $5,500.00 |
| Illinois CPAs for Political Action | Neil Anderson, Chris Balkema, Lakesia Collins | $4,200.00 |
| Amazon.com Services LLC | Neil Anderson, Jil Tracy | $4,000.00 |
| Entertainment Software Association | Jil Tracy, Lakesia Collins | $4,000.00 |
| CAR of Illinois | Neil Anderson, Lakesia Collins | $3,500.00 |
| Illinois State Medical Society PAC | Jil Tracy, Lakesia Collins | $3,500.00 |
| Chicago Land Operators Joint Labor-Management PAC | Neil Anderson, Jil Tracy, Chris Balkema | $3,000.00 |
| CHEMPAC | Neil Anderson, Jil Tracy, Chris Balkema | $3,000.00 |
| Illinois Optometric Association | Jil Tracy, Lakesia Collins | $3,000.00 |
| Manufacturers Political Action Committee | Jil Tracy, Chris Balkema | $2,500.00 |
| Caesars Enterprise Services LLC | Neil Anderson, Jil Tracy | $2,500.00 |
| Kasper & Nottage, PC | Jil Tracy, Lakesia Collins | $2,500.00 |
| BNSF Railway Company | Neil Anderson, Jil Tracy | $2,250.00 |
| John Deere PAC | Neil Anderson, Lakesia Collins | $2,000.00 |
| Illinois Funeral Directors Association PAC | Neil Anderson, Lakesia Collins | $1,500.00 |
| SUAAction | Jil Tracy, Chris Balkema | $1,250.00 |
| Illinois Policy PAC | Jil Tracy, Chris Balkema | $1,250.00 |
| Target Corporation | Jil Tracy, Chris Balkema | $1,000.00 |
| Energy Transfer PAC | Neil Anderson, Jil Tracy | $1,000.00 |
| PhRMA | Neil Anderson, Jil Tracy | $1,000.00 |
Top donors across these members
| Donor | Occupation | Employer | Receipts | Total |
|---|---|---|---|---|
| I.P.A.C.E | — | — | 2 | $77,800.00 |
| Carpentry Advancement PAC Fund | — | — | 3 | $23,500.00 |
| Realtor Political Action Committee | — | — | 5 | $16,000.00 |
| Kevin Hoffman | President | G&D Trucking | 2 | $12,500.00 |
| Downstate Operators Joint Labor Management PAC | — | — | 3 | $12,500.00 |
| SEIU Healthcare IL/IN PAC | — | — | 3 | $11,279.00 |
| Chicagoland Operators Joint Labor-Management PAC | — | — | 5 | $10,500.00 |
| IBEW Illinois PAC | — | — | 2 | $10,250.00 |
| Sports Betting Alliance | — | — | 2 | $10,000.00 |
| McDonald's Corporation | — | — | 2 | $10,000.00 |
| Save Our Local Businesses Illinois PAC ID#39860 | — | — | 1 | $10,000.00 |
| SEIU Illinois State Council PAC Fund | — | — | 1 | $10,000.00 |
| Realtor PAC | — | — | 2 | $7,500.00 |
| Ameren Illinois | — | — | 3 | $7,500.00 |
| Ben Lazare Consulting | — | — | 3 | $7,500.00 |
| Richard Uihlein | CEO | Uline | 1 | $7,300.00 |
| Accel Entertainment Gaming LLC | — | — | 2 | $6,000.00 |
| Comcast | — | — | 3 | $6,000.00 |
| Community BancPac | — | — | 5 | $5,500.00 |
| Teamsters Volunteers in Politics | — | — | 4 | $5,500.00 |
| D Construction | — | — | 2 | $5,000.00 |
| Marquis Energy - Illinois LLC | — | — | 1 | $5,000.00 |
| United Assn of Journeyman and IL Pipetrades | — | — | 1 | $5,000.00 |
| Tyrpin Mark | President | Mercantile Bank | 1 | $5,000.00 |
| Dot Foods, Inc. | — | — | 1 | $5,000.00 |
Hearings
This bill has not been scheduled for a committee hearing.
Action History
6 actions recorded. Last action: 2025-04-10 — Added as Co-SponsorSen. Lakesia Collins. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2025-02-07 | Senate | Filed with Secretary bySen. Chris Balkema Rule 2-7(b) | Introduction & Filing | — |
| 2025-02-07 | Senate | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-02-07 | Senate | Referred toAssignments Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-03-06 | Senate | Added as Co-SponsorSen. Neil Anderson Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-03-07 | Senate | Added as Co-SponsorSen. Jil Tracy Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |
| 2025-04-10 | Senate | Added as Co-SponsorSen. Lakesia Collins Senate Rule 5-1(a); House Rule 37(a) | Co-Sponsorship | Mild + |