Illinois General Assembly - Bill Status for SB2020

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Bill Status of SB2020 102nd General Assembly

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Short Description: PEN CD-SURS-ANNUAL INCREASES

Senate Sponsors
Sen. Michael W. Frerichs

Last Action

Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/15-136

from Ch. 108 1/2, par. 15-136

Synopsis As Introduced
Amends the State Universities Article of the Illinois Pension Code. Provides that, on January 1, 2010, the monthly pension of an annuitant who retired before January 1, 1980 shall be recalculated and increased to reflect the amount the annuitant would have received in January 2010 had the annuitant been receiving a 3% increase for each year he or she received a monthly annuity under Rule 1, Rule 2, Rule 3, Rule 4, or Rule 5. Provides for an additional increase of 3% of the amount of the retirement annuity then being received each January thereafter. Effective immediately.

Actions

Date	Chamber	Action
2/20/2009	Senate	Filed with Secretary by Sen. Michael W. Frerichs
2/20/2009	Senate	First Reading
2/20/2009	Senate	Referred to Assignments
3/4/2009	Senate	Assigned to Pensions and Investments
3/13/2009	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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