Illinois House Bill 3427 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 2)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Illinois Pension Code. Requires all pension funds and retirement systems established under the Code to exclude the following items when computing the compensation, salary, or wages upon which an annuity, pension, or other benefit is to be based: (i) lump sum payments for retirement, severance, and sick or vacation time and (ii) any annual increase in compensation, salary, or wages of more than 6%. Applies only to persons who are participants on the effective date or who first become participants on or after the effective date. Effective immediately.

PEN CD-EXCLUDE-INCR>6%/PYMNTS

Rep. David Harris [R]

Rep. Dwight Kay [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2011-03-17	House	Rule 19(a) / Re-referred to Rules Committee
2011-03-07	House	Re-assigned to Personnel and Pensions Committee
2011-03-07	House	Added Chief Co-Sponsor Rep. Dwight Kay
2011-02-28	House	Assigned to Executive Committee
2011-02-24	House	Referred to Rules Committee
2011-02-24	House	First Reading
2011-02-24	House	Filed with the Clerk by Rep. David Harris

Chapter	Article	Section	Citation Type	Statute Text
40	5	1-161	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3427&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB3427.htm