IL HB5343 | 2021-2022 | 102nd General Assembly
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-03-01 - Added Chief Co-Sponsor Rep. Elizabeth Hernandez
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 28 2022 - 25% progression, died in committee
Action: 2022-03-01 - Added Chief Co-Sponsor Rep. Elizabeth Hernandez
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Illinois Pension Code. Provides that a State policeman under the Tier 2 provisions is entitled to an annuity calculated under the alternative retirement formula, in lieu of the regular or minimum retirement annuity, only if the person has withdrawn from service with not less than 20 years of eligible creditable service and has attained age 55 (instead of age 60), regardless of whether the attainment of age 55 (instead of age 60) occurs while the person is still in service. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.
Title
PENCD-SERS-TIER 2 STATE POLICE
Sponsors
History
Date | Chamber | Action |
---|---|---|
2022-03-01 | House | Added Chief Co-Sponsor Rep. Elizabeth Hernandez |
2022-02-01 | House | Added Co-Sponsor Rep. Katie Stuart |
2022-01-31 | House | Referred to Rules Committee |
2022-01-31 | House | First Reading |
2022-01-28 | House | Filed with the Clerk by Rep. Frances Ann Hurley |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
40 | 5 | 1-160 | Amended Code | Citation Text |
40 | 5 | 14-152.1 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5343&GAID=16&DocTypeID=HB&SessionID=110&GA=102 |
Text | https://www.ilga.gov/legislation/102/HB/10200HB5343.htm |