Illinois General Assembly - Bill Status for HB2847
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 Bill Status of HB2847  102nd General Assembly


Short Description:  PENCD-RETIREMENT ANNUITY LIMIT

House Sponsors
Rep. Blaine Wilhour and Ryan Spain

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred 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
  2/18/2021HouseFiled with the Clerk by Rep. Blaine Wilhour
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/9/2021HouseAssigned to Personnel & Pensions Committee
  3/18/2021HouseAdded Co-Sponsor Rep. Ryan Spain
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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