Illinois House Bill 5578 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the General Assembly Article of the Illinois Pension Code. Provides that active participants who first became participants in the System before January 9, 2013 shall, for periods of service on and after that date, be eligible only for the benefits provided to participants who first became participants on or after January 9, 2013. However, the retirement annuities of active participants who were participants in the System before January 9, 2013 shall be calculated based on a weighted average of the benefits earned before and after the effective date of this amendatory Act. Effective January 9, 2013.

PEN CD-GA-BLENDED BENEFIT

Rep. Dave Winters [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-02-15	House	Referred to Rules Committee
2012-02-15	House	First Reading
2012-02-15	House	Filed with the Clerk by Rep. Dave Winters

Chapter	Article	Section	Citation Type	Statute Text
40	5	2-163	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5578&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB5578.htm