Illinois General Assembly - Bill Status for HB3854
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 Bill Status of HB3854  101st General Assembly


Short Description:  PENCD-RETIREMENT ANNUITY LIMIT

House Sponsors
Rep. Allen Skillicorn

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

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


Synopsis As Introduced
Amends the Illinois Pension Code. Provides that for a person who first becomes a member or participant in any retirement system or pension fund under the Code on or after the effective date of the amendatory Act, the total amount of the retirement annuity or pension benefits he or she may receive 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. Effective immediately.

Actions 
DateChamber Action
  7/12/2019HouseFiled with the Clerk by Rep. Allen Skillicorn
  10/17/2019HouseFirst Reading
  10/17/2019HouseReferred to Rules Committee
  1/13/2021HouseSession Sine Die

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