FY2023 Pension Funding Boost

Governor Pritzker has signed into law SB2803 (Public Act 102—0696). This bill adds an additional $64.7 million to this fiscal year’s fully funded annual payment of $1.8 billion (for SERS). The last time the State paid more than the statutory minimum contribution into the state employee pension system was back in 1994. Pension Boost Announcement