PENCD-SERS-ALTERNATIVE ANNUITY

Amends the General Provisions and State Employees Articles of the Illinois Pension Code. Provides that an employee of the Department of Children and Family Services who conducts home visits may establish eligible creditable service under the alternative annuity provisions of the State Employees Article. Provides that an employee of the Department of Children and Family Services who conducts home visits may elect to convert service credit earned under the State Employees Article as an employee of the Department of Children and Family Services who conducts home visits to eligible creditable service under the alternative annuity provisions by filing a written election and making a specified contribution. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective January 1, 2023.