Bill Status of SB 1635   97th General Assembly


Short Description:  PEN CD-SURS-ANNUAL INCREASES

Senate Sponsors
Sen. Michael W. Frerichs

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/15-136from 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, 2012, 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 2012 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 
DateChamber Action
  2/9/2011SenateFiled with Secretary by Sen. Michael W. Frerichs
  2/9/2011SenateFirst Reading
  2/9/2011SenateReferred to Assignments
  2/23/2011SenateAssigned to Pensions and Investments
  3/3/2011SenatePostponed - Pensions and Investments
  3/10/2011SenateTo Pensions & Investments Subcommittee on Pension Enhancements
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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