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 Bill Status of HB4659  100th General Assembly


Short Description:  PEN CD-CHI POL-ANNUAL INCREASE

House Sponsors
Rep. Robert Martwick

Hearings
Personnel & Pensions Committee Hearing Mar 1 2018 10:30AM Stratton Building Room D-1 Springfield, IL


Last Action
DateChamber Action
  2/14/2018HouseAssigned to Personnel & Pensions Committee

Statutes Amended In Order of Appearance
40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.1


Synopsis As Introduced
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.

Actions 
DateChamber Action
  2/7/2018HouseFiled with the Clerk by Rep. Robert Martwick
  2/7/2018HouseFirst Reading
  2/7/2018HouseReferred to Rules Committee
  2/14/2018HouseAssigned to Personnel & Pensions Committee

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