Bill Status of HB 4593   94th General Assembly

Short Description:  PEN CD-PURCHASING POWER INCRS

House Sponsors
Rep. Angelo Saviano

Last Action  View All Actions

DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-119from Ch. 108 1/2, par. 17-119
40 ILCS 5/17-119.2 new
40 ILCS 5/17-122from Ch. 108 1/2, par. 17-122
30 ILCS 805/8.30 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides for a one-time increase in certain retirement and survivor's annuities. Declares it to be the public policy of this State and the intention of the General Assembly to protect annuitants against significant decreases in the purchasing power of retirement and survivor's annuities. Directs the retirement system to review and report on significant changes in purchasing power. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/11/2006HouseFiled with the Clerk by Rep. Angelo Saviano
  1/11/2006HouseFirst Reading
  1/11/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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