IL SB2020 | 2009-2010 | 96th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 20 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 20 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the State Universities Article of the Illinois Pension Code. Provides that, on January 1, 2010, 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 2010 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 |
|---|---|---|
| 2009-03-13 | Rule 3-9(a) / Re-referred to Assignments | |
| 2009-03-04 | Assigned to Pensions and Investments | |
| 2009-02-20 | Referred to Assignments | |
| 2009-02-20 | First Reading | |
| 2009-02-20 | Filed with Secretary by Sen. Michael W. Frerichs |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2020&GAID=10&DocTypeID=SB&SessionID=76&GA=96 |
| Text | https://www.ilga.gov/legislation/96/SB/09600SB2020.htm |
