Illinois General Assembly - Bill Status for HB4292
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 Bill Status of HB4292  102nd General Assembly


Short Description:  PEN CD-ACCELERATED BENEFIT

House Sponsors
Rep. Bob Morgan - Michael J. Zalewski - Mark Batinick

Last Action
DateChamber Action
  1/21/2022HousePlaced on Calendar 2nd Reading - Short Debate

Statutes Amended In Order of Appearance
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/2.5
30 ILCS 330/7.7
40 ILCS 5/14-147.5
40 ILCS 5/14-147.6
40 ILCS 5/15-185.5
40 ILCS 5/15-185.6
40 ILCS 5/16-190.5
40 ILCS 5/16-190.6


Synopsis As Introduced
Amends the General Obligation Bond Act. Authorizes an additional $1,000,000,000 of State Pension Obligation Acceleration Bonds. Makes a conforming change. Amends the State Employees, State Universities, and Downstate Teachers Articles of the Illinois Pension Code. Extends the option for a participant to receive an accelerated pension benefit payment in lieu of any pension benefit or for a reduction in the increases to his or her annual retirement annuity and survivor's annuity to June 30, 2026 (instead of June 30, 2024). Effective immediately.

Actions 
DateChamber Action
  12/20/2021HouseFiled with the Clerk by Rep. Bob Morgan
  12/22/2021HouseAdded Chief Co-Sponsor Rep. Michael J. Zalewski
  12/22/2021HouseAdded Chief Co-Sponsor Rep. Mark Batinick
  1/5/2022HouseFirst Reading
  1/5/2022HouseReferred to Rules Committee
  1/11/2022HouseAssigned to Personnel & Pensions Committee
  1/20/2022HouseDo Pass / Short Debate Personnel & Pensions Committee; 008-000-000
  1/21/2022HousePlaced on Calendar 2nd Reading - Short Debate

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