Illinois General Assembly

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 Bill Status of HB6225  98th General Assembly


Short Description:  PENCD-SURS-MONEY PURCHASE DATE

House Sponsors
Rep. Chad Hays - Norine Hammond - Robert W. Pritchard - Mike Bost - Dan Brady, David R. Leitch and Rich Brauer

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/15-136from Ch. 108 1/2, par. 15-136


Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. In the money-purchase formula of Rule 2, as amended by Public Act 98-599, bases the minimum money purchase amount on the annuity that would have been payable if the participant had retired on June 30, 2014 (rather than during the fiscal year preceding the effective date of P.A. 98-599). Includes a nonacceleration provision. Effective immediately.

Actions 
DateChamber Action
  4/29/2014HouseFiled with the Clerk by Rep. Chad Hays
  4/29/2014HouseFirst Reading
  4/29/2014HouseReferred to Rules Committee
  4/29/2014HouseAdded Chief Co-Sponsor Rep. Norine Hammond
  4/29/2014HouseAdded Chief Co-Sponsor Rep. Robert W. Pritchard
  4/29/2014HouseAdded Chief Co-Sponsor Rep. Mike Bost
  4/29/2014HouseAdded Chief Co-Sponsor Rep. Dan Brady
  4/29/2014HouseAdded Co-Sponsor Rep. David R. Leitch
  4/29/2014HouseAdded Co-Sponsor Rep. Rich Brauer
  12/3/2014HouseSession Sine Die

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