IL HB1644 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 1 2023 - 25% progression, died in committee
Action: 2023-03-16 - Added Co-Sponsor Rep. Chris Miller
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the General Provisions Article of the Illinois Pension Code. Provides that the retirement annuity or supplemental annuity for a participant, member, or annuitant in any pension fund or retirement system under the Code shall be subject to annual increases equal to the 10-year moving average of the annual unadjusted percentage increase in the consumer price index-u. Provides that the changes apply without regard to whether the participant is in active service on or after the effective date of the amendatory Act. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PEN CD-ANNUAL INCREASES

Sponsors


History

DateChamberAction
2023-03-16HouseAdded Co-Sponsor Rep. Chris Miller
2023-02-01HouseReferred to Rules Committee
2023-02-01HouseFirst Reading
2023-02-01HouseFiled with the Clerk by Rep. Blaine Wilhour

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.47New CodeSee Bill Text
4051-155New CodeSee Bill Text

Illinois State Sources


Bill Comments

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