Illinois General Assembly - Bill Status for HB3859
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 Bill Status of HB3859  101.th General Assembly


Short Description:  PENCD-RETIREMENT ANNUITY LIMIT

House Sponsors
Rep. Allen Skillicorn - Blaine Wilhour

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 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
  8/2/2019HouseFiled with the Clerk by Rep. Allen Skillicorn
  10/7/2019HouseAdded Chief Co-Sponsor Rep. Blaine Wilhour
  10/17/2019HouseFirst Reading
  10/17/2019HouseReferred to Rules Committee
  1/13/2021HouseSession Sine Die

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