Bill Status of HB 5063   97th General Assembly


Short Description:  PEN CD-NEW HIRES-67 TO 62

House Sponsors
Rep. Raymond Poe

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-160
30 ILCS 805/8.36 new

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. In provisions that are applicable to certain new hires: (i) reduces the minimum age at which a participant is entitled to an unreduced retirement annuity and the annual increases in retirement annuity from 67 to 62, and (ii) removes provisions concerning entitlement to a reduced retirement annuity at age 62. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/7/2012HouseFiled with the Clerk by Rep. Raymond Poe
  2/7/2012HouseFirst Reading
  2/7/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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