Illinois General Assembly - Bill Status for SB1573

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code. Removes a birthdate restriction on eligibility at age 55 for a 3% automatic annual increase in retirement annuity that is not subject to a maximum increase of 30%. Makes a related change. Specifies the timing of an initial increase in retirement annuity for persons who have not received the initial increase before January 1, 2021. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/26/2021	Senate	Filed with Secretary by Sen. Robert F. Martwick
2/26/2021	Senate	First Reading
2/26/2021	Senate	Referred to Assignments
1/10/2023	Senate	Session Sine Die

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