Bill Status of HB 3518   101st General Assembly

Short Description:  PEN CD-TIER 1 ANNUAL INCREASES

House Sponsors
Rep. Mark Batinick

Last Action  View All Actions

DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-155 new

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that a Tier 1 participant of a pension fund or retirement system, except for a pension fund established under the Downstate Police, Downstate Firefighter, Chicago Police, or Chicago Firefighter Article, may irrevocably elect to have increases to his or her retirement annuity or supplemental annuity based on the annual unadjusted percentage increase in the consumer price index-u for a specified 12-month period. Requires each pension fund or retirement system to inform Tier 1 participants that they have the option to make that election. Provides that the changes apply without regard to whether the Tier 1 participant is in active service on or after the effective date of the amendatory Act. Effective immediately.

Actions 
DateChamber Action
  2/15/2019HouseFiled with the Clerk by Rep. Mark Batinick
  2/15/2019HouseFirst Reading
  2/15/2019HouseReferred to Rules Committee
  3/5/2019HouseAssigned to Personnel & Pensions Committee
  3/14/2019HouseTo Pension Reform Subcommittee
  3/26/2019HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Mark Batinick
  3/26/2019HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/27/2019HouseHouse Committee Amendment No. 1 Rules Refers to Personnel & Pensions Committee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  3/29/2019HouseHouse Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

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