Illinois House Bill 2910 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Universities and Downstate Teacher Articles of the Illinois Pension Code. Provides that a Tier 1 member who is at least 55 years of age and meets other specified requirements may elect to receive an age enhancement and additional creditable service in an amount equal to the applicable minimum age for an undiscounted retirement annuity (based on the amount of creditable service the member has on the effective date of the election) minus the member's actual age on the effective date of the election and additional creditable service equal to the amount of the age enhancement. Provides that the amount of the age enhancement and creditable service granted may not exceed 5 years. Provides that a member who elects the age enhancement and additional creditable service shall have any automatic annual increase in his or her retirement annuity and survivor's annuity payable to his or her beneficiary calculated at 3% or the annual unadjusted percentage increase (but not less than zero) in the consumer price index-u, whichever is less, of the originally granted annuity. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Makes conforming changes. Effective immediately.

PEN CD-TRS & SURS-EARLY RETIRE

Sen. Robert Martwick [D]

Date	Chamber	Action
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-03-06	House	To Pension Reform Subcommittee
2019-02-26	House	Assigned to Personnel & Pensions Committee
2019-02-14	House	Referred to Rules Committee
2019-02-14	House	First Reading
2019-02-14	House	Filed with the Clerk by Rep. Robert Martwick

Chapter	Article	Section	Citation Type	Statute Text
40	5	15-136	Amended Code	Citation Text
40	5	15-136.4	Amended Code	Citation Text
40	5	15-136.5	New Code	See Bill Text
40	5	15-145	Amended Code	Citation Text
40	5	15-185.5	Amended Code	Citation Text
40	5	15-185.6	Amended Code	Citation Text
40	5	15-198	Amended Code	Citation Text
40	5	16-133.1	Amended Code	Citation Text
40	5	16-133.6	New Code	See Bill Text
40	5	16-143.1	Amended Code	Citation Text
40	5	16-190.5	Amended Code	Citation Text
40	5	16-190.6	Amended Code	Citation Text
40	5	16-203	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2910&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB2910.htm