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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB3868 Introduced 10/17/2019, by Rep. Allen Skillicorn - Blaine Wilhour SYNOPSIS AS INTRODUCED:
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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.
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| | | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | HB3868 | | LRB101 13343 RPS 62186 b |
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| 1 | | AN ACT concerning public employee benefits.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Pension Code is amended by adding |
| 5 | | Section 1-155 as follows:
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| 6 | | (40 ILCS 5/1-155 new) |
| 7 | | Sec. 1-155. Retirement age; increase. Notwithstanding any |
| 8 | | other provision of law, beginning on the effective date of this |
| 9 | | amendatory Act of the 101st General Assembly, the minimum age |
| 10 | | at which a person is eligible to receive a retirement annuity |
| 11 | | or pension under any Article of this Code shall be increased by |
| 12 | | one year and, beginning 5 years after the effective date of |
| 13 | | this amendatory Act of the 101st General Assembly, shall be |
| 14 | | increased by one additional year.
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| 15 | | Section 99. Effective date. This Act takes effect upon |
| 16 | | becoming law.
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