Amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Increases, except for persons who first retired prior to the effective date of the amendatory Act, the amount of the death benefit from $3,000 to $8,000. Makes conforming changes. Amends the State Mandates Act to require implementation without reimbursement.
Senate Floor Amendment No. 1: Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following change. Further amends the Illinois Municipal Retirement Fund (IMRF) Article of the Illinois Pension Code. Adds regional water commissions under the Illinois Municipal Code to the list of participating instrumentalities. Effective immediately, except that certain changes to the Illinois Pension Code are effective January 1, 2027.

Statutes affected:
Introduced: 40 ILCS 5/7, 30 ILCS 805/8
Engrossed: 40 ILCS 5/7, 30 ILCS 805/8
Enrolled: 40 ILCS 5/7, 30 ILCS 805/8