Illinois Senate Bill 1635 (Prior Session Legislation)

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

Amends the State Universities Article of the Illinois Pension Code. Provides that, on January 1, 2012, the monthly pension of an annuitant who retired before January 1, 1980 shall be recalculated and increased to reflect the amount the annuitant would have received in January 2012 had the annuitant been receiving a 3% increase for each year he or she received a monthly annuity under Rule 1, Rule 2, Rule 3, Rule 4, or Rule 5. Provides for an additional increase of 3% of the amount of the retirement annuity then being received each January thereafter. Effective immediately.

PEN CD-SURS-ANNUAL INCREASES

Sen Michael W. Frerichs

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2011-03-18	Senate	Rule 3-9(a) / Re-referred to Assignments
2011-03-10	Senate	To Pensions & Investments Subcommittee on Pension Enhancements
2011-03-03	Senate	Postponed - Pensions and Investments
2011-02-23	Senate	Assigned to Pensions and Investments
2011-02-09	Senate	Referred to Assignments
2011-02-09	Senate	First Reading
2011-02-09	Senate	Filed with Secretary by Sen. Michael W. Frerichs

Chapter	Article	Section	Citation Type	Statute Text
40	5	15-136	Amended Code	Citation Text

Type	Source
Summary	http://www.ilga.gov/legislation/BillStatus.asp?DocNum=1635&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	http://www.ilga.gov/legislation/97/SB/09700SB1635.htm