Bill Title: Amends the General Provisions and General Assembly Articles of the Illinois Pension Code. In the General Provisions Article, provides that, if a participant's final average salary in a participating system under the Retirement Systems Reciprocal Act, other than the General Assembly Retirement System, is used to calculate a proportional retirement annuity for that participant under the General Assembly Retirement System and if that final average salary is higher than the highest salary for annuity purposes of that person under the General Assembly Retirement System, then the increased cost of the proportional annuity paid by the General Assembly Retirement System that is attributable to that higher level of compensation shall be paid by the employer of the participant under that system and not by the General Assembly Retirement System. In the General Assembly Article, provides that certain limitations on highest salary for annuity purposes apply to the earnings of a person who first became a member of the General Assembly Retirement System before August 22, 1994 if, on or after the effective date of the amendatory Act, that member irrevocably elects to have those limitations apply. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2012-08-16 - Public Act . . . . . . . . . 97-0967 [HB3969 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2012-08-16	HTML/Text	Link	View
Enrolled	2012-06-05	HTML/Text	Link	View
Amended	2012-05-21	HTML/Text	Link	View
Amended	2012-05-02	HTML/Text	Link	View
Engrossed	2012-03-26	HTML/Text	Link	View
Amended	2012-03-22	HTML/Text	Link	View
Introduced	2012-01-09	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB3969

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB3969 currently on file.

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