Commission on Government Forecasting and Accountability
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Robert Pritchard, Co-Chair
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Donne Trotter, Co-Chair
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Public Safety Employee Benefits Act (PSEBA)

PUBLIC SAFETY EMPLOYEE BENEFITS ACT (PSEBA)

 

Due to the enactment of P.A. 099-0239 (HB 2916), employers subject to the PSEBA Act (820 ILCS 320) will be required to submit the requisite employee and employer forms to COGFA every even-numbered year, starting in 2016.  Below is a summary of the changes made by P.A. 99-0239:

  • By July 1 of every even-numbered year beginning in 2016, employers must send the "PSEBA Recipient Reporting Form" to PSEBA Recipients.  The PSEBA recipient must complete and return this form to the employer by September 1st, 2016.  Employers are required to return the "PSEBA Recipient Reporting Form" to COGFA within 30 days after receiving the completed form from the PSEBA recipient.
  • Employers subject to the PSEBA Act are required to send copies of the "PSEBA Recipient Reporting Form" and the "Employer Subject to the PSEBA Act Reporting Form" to COGFA within 120 days after receipt of the "Employer Subject to the PSEBA Act Reporting Form".

 

We would encourage all employers subject to the PSEBA Act to closely review the language of P.A. 099-0239 so that they may be familiar with the revised reporting requirements.

 

Two PSEBA reporting cycles have been completed. Below are the reports:

 

January 2017 Public Safety Employee Benefits Act Study

June 2014 Public Safety Employee Benefits Act Study

 

 

For the next PSEBA cycle, please check the COGFA website in May of 2018.  At that time, the updated "PSEBA Recipient Reporting Forms" and the "Employer Subject to the PSEBA Act Reporting Forms" should be available on the COGFA website.