Bill Title: Amends the Illinois Pension Code. In provisions that are applicable to new hires: (i) provides that a member or participant is entitled to a retirement annuity upon written application if he or she has attained age 62 (rather than age 67), has at least 10 years of service credit, and is otherwise eligible under the requirements of the applicable Article and (ii) removes provisions concerning entitlement to a reduced annuity. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB1502 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB1502

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB1502 currently on file.

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