Bill Title: 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, 2019. Effective immediately.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4659 Detail]

Text: Latest bill text (Engrossed) [HTML]

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