Illinois Senate Bill 3050 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2021 - 100% progression
Action: 2021-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Chicago Police Article of the Illinois Pension Code. Removes a birthdate restriction on eligibility at age 55 for a 3% automatic annual increase in retirement annuity that is not subject to a maximum increase of 30%. Makes a related change. Specifies the timing of an initial increase in retirement annuity for persons who have not received the initial increase before January 1, 2020. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

PEN CD-CHI POL-ANNUAL INCREASE

Sen. Robert Martwick [D]

Date	Chamber	Action
2021-01-13	Senate	Session Sine Die
2020-02-05	Senate	Referred to Assignments
2020-02-05	Senate	First Reading
2020-02-05	Senate	Filed with Secretary by Sen. Robert F. Martwick

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.44	New Code	See Bill Text
40	5	5-167.1	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3050&GAID=15&DocTypeID=SB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/SB/10100SB3050.htm