Bill Text: IL HB3868 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: Amends the General Provisions Article of the Illinois Pension Code. Provides that beginning on the effective date of the amendatory Act, the minimum age at which a person is eligible to receive a retirement annuity or pension under any Article of the Code shall be increased by one year and, beginning 5 years after the effective date of the amendatory Act, the minimum age at which a person is eligible to receive a retirement annuity or pension under any Article of the Code shall be increased by one additional year. Effective immediately.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2019-10-17 - Referred to Rules Committee [HB3868 Detail]

Download: Illinois-2019-HB3868-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB3868 Introduced , by Rep. Allen Skillicorn SYNOPSIS AS INTRODUCED:
40 ILCS 5/1-155 new
Amends the General Provisions Article of the Illinois Pension Code. Provides that beginning on the effective date of the amendatory Act, the minimum age at which a person is eligible to receive a retirement annuity or pension under any Article of the Code shall be increased by one year and, beginning 5 years after the effective date of the amendatory Act, the minimum age at which a person is eligible to receive a retirement annuity or pension under any Article of the Code shall be increased by one additional year. Effective immediately.
LRB101 13343 RPS 62186 b
FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
HB3868 LRB101 13343 RPS 62186 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by adding
Section 1-155 as follows:
(40 ILCS 5/1-155 new)
Sec. 1-155. Retirement age; increase. Notwithstanding any
other provision of law, beginning on the effective date of this
amendatory Act of the 101st General Assembly, the minimum age
at which a person is eligible to receive a retirement annuity
or pension under any Article of this Code shall be increased by
one year and, beginning 5 years after the effective date of
this amendatory Act of the 101st General Assembly, shall be
increased by one additional year.
Section 99. Effective date. This Act takes effect upon
becoming law.