IL SB1631 | 2023-2024 | 103rd General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 8 2023 - 25% progression
Action: 2023-02-15 - Added as Chief Co-Sponsor Sen. Mike Porfirio
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Chicago Police Article of the Illinois Pension Code. Removes a birthdate restriction on eligibility at age 55 for a 3% automatic annual increase in retirement annuity that is not subject to a maximum increase of 30%. Makes a related change. Specifies the timing of an initial increase in retirement annuity for persons who have not received the initial increase before January 1, 2023. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Tracking Information

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Title

PEN CD-CHI POL-ANNUAL INCREASE

Sponsors


History

DateChamberAction
2023-02-15SenateAdded as Chief Co-Sponsor Sen. Mike Porfirio
2023-02-15SenateAdded as Chief Co-Sponsor Sen. Bill Cunningham
2023-02-08SenateReferred to Assignments
2023-02-08SenateFirst Reading
2023-02-08SenateFiled with Secretary by Sen. Robert F. Martwick

Code Citations

ChapterArticleSectionCitation TypeStatute Text
308058.47New CodeSee Bill Text
4055-167.1Amended CodeCitation Text

Illinois State Sources


Bill Comments

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