PEN CD-FREEZE BENEFITS/SMP

Amends the Project Labor Agreements Act. Prohibits the State Board of Education and the Capital Development Board from requiring a project labor agreement for any school construction project or grant. Authorizes a board of education to exempt any school construction project from the requirements of the Act. Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Prohibits employees, except in certain circumstances, from receiving a retirement annuity before age 62. Changes the conditions of eligibility for, and the amount of, automatic annual increases in retirement annuities. Caps pensionable salary and compensation. Suspends the accrual of benefits in traditional and portable benefit packages. Establishes a self-managed plan for each State-funded retirement system. Requires affected participants to participate in the self-managed plans with respect to future service. Shifts normal costs to local school districts if certain mandates are funded. In various Articles, excludes new hires of certain government-related organizations from participation in State retirement systems. Amends the School Code. Makes changes in provisions concerning mandates for public and private schools. Repeals the Driver's Education Act. Amends the Illinois Educational Labor Relations Act. Prohibits school districts from entering into, amending, or renewing certain technology-related collective bargaining agreements. Amends the Prevailing Wage Act. Provides that a board of education may exempt school construction projects undertaken in the district from the Act. Amends the State Mandates Act to require implementation without reimbursement. Makes other changes. Effective immediately.