Illinois House Bill 5282 (Prior Session Legislation)

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January 8 2013 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides that, in July 2012, the monthly pension of a firefighter who retired on or before January 1, 1986 shall be recalculated and increased to reflect the amount that the firefighter would have received in July 2012 had the firefighter been receiving a 3% compounded increase for each year he or she received pension payments after January 1, 1986, plus any increases in pension received for each year prior to January 1, 1986. In each January thereafter, provides that he or she shall receive an additional increase of 3% of the amount of the pension then being paid. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

PEN CD-ART 4-RECALCULATION

Rep Donald L. Moffitt

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-02-08	House	Referred to Rules Committee
2012-02-08	House	First Reading
2012-02-08	House	Filed with the Clerk by Rep. Donald L. Moffitt

Chapter	Article	Section	Citation Type	Statute Text
30	805	8.36	New Code	See Bill Text
40	5	4-109.1	Amended Code	Citation Text

Type	Source
Summary	http://www.ilga.gov/legislation/BillStatus.asp?DocNum=5282&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	http://www.ilga.gov/legislation/97/HB/09700HB5282.htm