Bill Text: IL SB1673 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Cook County Article of the Illinois Pension Code. Provides that "re-entrant" does not include any employee who enters service after January 1, 2011 and whose retirement age is 67.
Spectrum: Bipartisan Bill
Status: (Failed) 2013-01-08 - Session Sine Die [SB1673 Detail]
Download: Illinois-2011-SB1673-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 1673
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 1673, AS AMENDED, | ||||||
| 3 | with reference to page and line numbers of House Amendment No. | ||||||
| 4 | 15, as follows:
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| 5 | by replacing line 9 of page 1 with the following: | ||||||
| 6 | "created as a legislative support services agency and shall be | ||||||
| 7 | comprised of eight Commissioners. Within"; and
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| 8 | by replacing lines 16 and 17 of page 2 with the following: | ||||||
| 9 | "full accordance with standard actuarial practice."; and
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| 10 | by replacing lines 25 and 26 of page 3 with the following: | ||||||
| 11 | "a. cost of living adjustments (COLA),"; and
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| 12 | by replacing line 7 of page 5 with the following: | ||||||
| 13 | "report including its recommendations of changes to existing | ||||||
| 14 | law adopted by a majority of the members of the Commission,"; | ||||||
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| 1 | and
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| 2 | by replacing line 16 of page 5 with the following: | ||||||
| 3 | "Commission in whole within thirty calendar days after the"; | ||||||
| 4 | and
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| 5 | by replacing page 5, line 20, through page 6, line 2, with the | ||||||
| 6 | following: | ||||||
| 7 | "disapproving of the report in accordance with this Section, | ||||||
| 8 | the provisions of the report recommending changes to existing | ||||||
| 9 | law shall take effect and become law.".
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