IL SB2795 | 2019-2020 | 101st General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Illinois Pension Code. In the Illinois Municipal Retirement Fund (IMRF) Article, provides that retirement annuities shall be payable upon attainment of the required age of distribution under a specified provision of the Internal Revenue Code of 1986 (instead of age 70 1/2). In the State Universities Article, provides that if a participant is not an employee of an employer participating in the System or in a reciprocal system on April 1 of the calendar year next following the calendar year in which the participant attains the age specified under a provision of the Internal Revenue Code of 1986 (instead of the age of 70 1/2), the annuity payment period shall begin on that date. In a provision of the Downstate Teacher Article concerning the required distribution of monthly survivor benefits for certain persons, provides that the distribution shall become payable on certain dates or December 1 of the calendar year in which the deceased member or annuitant would have attained age 72 (instead of 70 1/2), whichever occurs latest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PENCD-BENEFIT DISTRIBUTION AGE
Sponsors
Roll Calls
2020-03-04 - Senate - Third Reading in Senate (Y: 56 N: 0 NV: 3 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-01-13 | Senate | Session Sine Die |
2021-01-08 | House | Referred to Rules Committee |
2021-01-08 | House | First Reading |
2020-06-22 | House | Chief House Sponsor Rep. Michael J. Zalewski |
2020-03-04 | House | Arrived in House |
2020-03-04 | Senate | Third Reading - Passed; 056-000-000 |
2020-02-27 | Senate | Placed on Calendar Order of 3rd Reading March 3, 2020 |
2020-02-27 | Senate | Second Reading |
2020-02-26 | Senate | Placed on Calendar Order of 2nd Reading February 27, 2020 |
2020-02-26 | Senate | Do Pass as Amended Government Accountability and Ethics; 009-000-000 |
2020-02-26 | Senate | Senate Committee Amendment No. 1 Adopted |
2020-02-20 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Government Accountability and Ethics |
2020-02-19 | Senate | Postponed - Government Accountability and Ethics |
2020-02-19 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
2020-02-19 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick |
2020-02-11 | Senate | Assigned to Government Accountability and Ethics |
2020-02-04 | Senate | Referred to Assignments |
2020-02-04 | Senate | First Reading |
2020-02-04 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 805 | 8.44 | New Code | See Bill Text |
40 | 5 | 15-135 | Amended Code | Citation Text |
40 | 5 | 16-142.3 | Amended Code | Citation Text |
40 | 5 | 7-141 | Amended Code | Citation Text |