IL SB2142 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 30 2015 - 25% progression, died in committee
Action: 2015-05-30 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on May 30 2015 - 25% progression, died in committee
Action: 2015-05-30 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. Provides that any policeman or fireman born after December 31, 1954 but before January 1, 1970 shall be entitled to receive a 3% automatic annual increase to the originally granted annuity. Provides that the automatic annual increase is not subject to the 30% maximum increase. Provides that the initial increase shall be in an amount equal to 3% for each year following the date of retirement or attainment of age 55, whichever occurs later. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Title
PENCD-CHI POLICE&FIRE-INCREASE
Sponsors
History
Date | Chamber | Action |
---|---|---|
2015-05-30 | Senate | Referred to Assignments |
2015-05-30 | Senate | First Reading |
2015-05-30 | Senate | Filed with Secretary by Sen. John J. Cullerton |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
30 | 805 | 8.39 | New Code | See Bill Text |
40 | 5 | 5-167.1 | Amended Code | Citation Text |
40 | 5 | 6-164 | Amended Code | Citation Text |
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2142&GAID=13&DocTypeID=SB&SessionID=88&GA=99 |
Text | https://www.ilga.gov/legislation/99/SB/09900SB2142.htm |