Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/7-142

from Ch. 108 1/2, par. 7-142

40 ILCS 5/7-173

from Ch. 108 1/2, par. 7-173

40 ILCS 5/7-173.3 new

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the IMRF Article of the Illinois Pension Code. Increases the regular retirement formula to 2.15% of final earnings per year of service, for service earned on or after July 1, 2003. For service before that date, authorizes augmentation of the old retirement formula by payment of a specified contribution. Increases the normal employee contribution rate by 0.5% of earnings. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

	Pension Note (Pension Laws Commission)
	The fiscal impact of HB 2292 has not been calculated, but would be significant.

Actions 

Date	Chamber	Action
2/19/2003	House	Filed with the Clerk by Rep. Kurt M. Granberg
2/19/2003	House	First Reading
2/19/2003	House	Referred to Rules Committee
2/21/2003	House	Assigned to Executive Committee
3/11/2003	House	Pension Note Filed
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

Back To Top