Illinois House Bill 5377 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
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 in relation to the 5 State-funded retirement systems. Decreases annual increases (COLAs) for certain persons who first became participants before January 1, 2011 and did not begin to receive a retirement annuity before the effective date of this amendatory Act. Provides that the automatic annual increases shall be (1) 3% of the first $50,000 of the annual total annuity payable at the time of the increase, and (2) if the annual total annuity payable at the time of the increase exceeds $50,000, a percentage of that excess equal to the lesser of 3% or one-half of the annual unadjusted percentage increase (but not less than zero) in the Consumer Price Index for All Urban Consumers.

PEN CD-ST FUNDED-REDUCE COLA

Rep. Michael Tryon [R]

Date	Chamber	Action
2013-01-08	House	Session Sine Die
2012-03-09	House	Rule 19(a) / Re-referred to Rules Committee
2012-02-28	House	Pension Note Filed
2012-02-21	House	Assigned to Personnel and Pensions Committee
2012-02-15	House	Referred to Rules Committee
2012-02-15	House	First Reading
2012-02-09	House	Filed with the Clerk by Rep. Michael W. Tryon

Chapter	Article	Section	Citation Type	Statute Text
40	5	14-114	Amended Code	Citation Text
40	5	15-136	Amended Code	Citation Text
40	5	16-133.1	Amended Code	Citation Text
40	5	16-136.1	Amended Code	Citation Text
40	5	18-125.1	Amended Code	Citation Text
40	5	2-119.1	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5377&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB5377.htm