Bill Title: Amends the General Provisions and General Assembly Articles of the Illinois Pension Code. In the General Provisions Article, provides that, if a participant's final average salary in a participating system under the Retirement Systems Reciprocal Act, other than the General Assembly Retirement System, is used to calculate a proportional retirement annuity for that participant under the General Assembly Retirement System and if that final average salary is higher than the highest salary for annuity purposes of that person under the General Assembly Retirement System, then the increased cost of the proportional annuity paid by the General Assembly Retirement System that is attributable to that higher level of compensation shall be paid by the employer of the participant under that system and not by the General Assembly Retirement System. In the General Assembly Article, provides that certain limitations on highest salary for annuity purposes apply to the earnings of a person who first became a member of the General Assembly Retirement System before August 22, 1994 if, on or after the effective date of the amendatory Act, that member irrevocably elects to have those limitations apply. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Passed) 2012-08-16 - Public Act . . . . . . . . . 97-0967 [HB3969 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Concurrence in House	2012-05-31	117	0	1	0	118	Passed	Link	View
House	Concurrence in House	2012-05-31	117	0	1	0	118	Passed	Link	View
Senate	Third Reading in Senate	2012-05-25	54	0	5	0	59	Passed	Link	View
House	Third Reading in House	2012-03-29	110	0	0	1	111	Passed	Link	View

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