IL SB1635 | 2011-2012 | 97th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the State Universities Article of the Illinois Pension Code. Provides that, on January 1, 2012, the monthly pension of an annuitant who retired before January 1, 1980 shall be recalculated and increased to reflect the amount the annuitant would have received in January 2012 had the annuitant been receiving a 3% increase for each year he or she received a monthly annuity under Rule 1, Rule 2, Rule 3, Rule 4, or Rule 5. Provides for an additional increase of 3% of the amount of the retirement annuity then being received each January thereafter. Effective immediately.
Title
PEN CD-SURS-ANNUAL INCREASES
Sponsors
History
Date | Chamber | Action |
---|---|---|
2013-01-08 | Senate | Session Sine Die |
2011-03-18 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2011-03-10 | Senate | To Pensions & Investments Subcommittee on Pension Enhancements |
2011-03-03 | Senate | Postponed - Pensions and Investments |
2011-02-23 | Senate | Assigned to Pensions and Investments |
2011-02-09 | Senate | Referred to Assignments |
2011-02-09 | Senate | First Reading |
2011-02-09 | Senate | Filed with Secretary by Sen. Michael W. Frerichs |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
40 | 5 | 15-136 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1635&GAID=11&DocTypeID=SB&SessionID=84&GA=97 |
Text | https://www.ilga.gov/legislation/97/SB/09700SB1635.htm |