Illinois House Bill 3518 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 15 2019 - 25% progression, died in committee
Action: 2019-03-29 - House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the General Provisions Article of the Illinois Pension Code. Provides that a Tier 1 participant of a pension fund or retirement system, except for a pension fund established under the Downstate Police, Downstate Firefighter, Chicago Police, or Chicago Firefighter Article, may irrevocably elect to have increases to his or her retirement annuity or supplemental annuity based on the annual unadjusted percentage increase in the consumer price index-u for a specified 12-month period. Requires each pension fund or retirement system to inform Tier 1 participants that they have the option to make that election. Provides that the changes apply without regard to whether the Tier 1 participant is in active service on or after the effective date of the amendatory Act. Effective immediately.

PEN CD-TIER 1 ANNUAL INCREASES

Rep. Mark Batinick [R]

Date	Chamber	Action
2019-03-29	House	House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
2019-03-29	House	Rule 19(a) / Re-referred to Rules Committee
2019-03-27	House	House Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
2019-03-26	House	House Committee Amendment No. 1 Referred to Rules Committee
2019-03-26	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Mark Batinick
2019-03-14	House	To Pension Reform Subcommittee
2019-03-05	House	Assigned to Personnel & Pensions Committee
2019-02-15	House	Referred to Rules Committee
2019-02-15	House	First Reading
2019-02-15	House	Filed with the Clerk by Rep. Mark Batinick

Chapter	Article	Section	Citation Type	Statute Text
40	5	1-155	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3518&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB3518.htm
Amendment	https://www.ilga.gov/legislation/101/HB/10100HB3518ham001.htm