Bill Status of HB 1645   103rd General Assembly


Short Description:  PENCD-RETIREMENT ANNUITY LIMIT

House Sponsors
Rep. Blaine Wilhour and Chris Miller

Last Action  View All Actions

DateChamber Action
  2/1/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
40 ILCS 5/1-163 new

Synopsis As Introduced
Amends the Illinois Pension Code. Provides that the total amount of the retirement annuity or pension benefits a person may receive from any pension fund or retirement system under the Code in any year shall not exceed $132,900; however, that amount shall annually thereafter be increased by the percentage increase (but not less than zero) in the consumer price index-u for the 12 months ending with the September preceding each November 1, including all previous adjustments. Provides that the changes apply without regard to whether a person became a member, participant, beneficiary, or annuitant before the effective date of the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/1/2023HouseFiled with the Clerk by Rep. Blaine Wilhour
  2/1/2023HouseFirst Reading
  2/1/2023HouseReferred to Rules Committee
  3/16/2023HouseAdded Co-Sponsor Rep. Chris Miller

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