Illinois Senate Bill 1561 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 18 2009 - 25% progression, died in committee
Action: 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Declares it to be the public policy of this State and the intention of the General Assembly to protect annuitants against significant decreases in the purchasing power of retirement and survivor's annuities. Directs the Systems to review and report on significant changes in purchasing power. Provides for a one-time increase in certain retirement and survivor's annuities. Includes language exempting the changes from provisions concerning new benefit increases. Effective immediately.

PEN CD-SURS-PURCHASING POWER

Sen. Gary Forby [D]

Date	Chamber	Action
2009-03-13		Rule 3-9(a) / Re-referred to Assignments
2009-02-25		Assigned to Pensions and Investments
2009-02-18		Referred to Assignments
2009-02-18		First Reading
2009-02-18		Filed with Secretary by Sen. Gary Forby

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1561&GAID=10&DocTypeID=SB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/SB/09600SB1561.htm