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]
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.
Title
PEN CD-ANNUAL INCREASES
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-03-16 | House | Added Co-Sponsor Rep. Chris Miller |
2023-02-01 | House | Referred to Rules Committee |
2023-02-01 | House | First Reading |
2023-02-01 | House | Filed with the Clerk by Rep. Blaine Wilhour |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 805 | 8.47 | New Code | See Bill Text |
40 | 5 | 1-155 | New Code | See Bill Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1644&GAID=17&DocTypeID=HB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/HB/10300HB1644.htm |