Bill Status of SB 2512   97th General Assembly

Short Description:  PEN CD-STATE FUND-AGE/ANNUITY

Senate Sponsors
Sen. Chris Lauzen, Dan Duffy, Kyle McCarter, Shane Cultra, Carole Pankau, Thomas Johnson, Ron Sandack and Pamela J. Althoff

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/1-117.1 new
40 ILCS 5/1-170 new

Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that the total retirement annuity of a participant in a State-funded retirement system who first became a participant before January 1, 2011 shall not exceed $120,000 per year. Provides that a participant who first became a participant before January 1, 2011 is not eligible to retire from a State-funded retirement system before reaching age 62. Provides that these changes do not apply to a participant who is eligible to retire within 8 years after the effective date of the amendatory Act, regardless of whether the participant actually retires during that period. Effective immediately.

Actions 
DateChamber Action
  10/25/2011SenateFiled with Secretary by Sen. Chris Lauzen
  10/25/2011SenateFirst Reading
  10/25/2011SenateReferred to Assignments
  10/26/2011SenateAdded as Co-Sponsor Sen. Dan Duffy
  10/26/2011SenateAdded as Co-Sponsor Sen. Kyle McCarter
  10/26/2011SenateAdded as Co-Sponsor Sen. Shane Cultra
  10/26/2011SenateAdded as Co-Sponsor Sen. Kirk W. Dillard
  10/26/2011SenateAdded as Co-Sponsor Sen. Carole Pankau
  10/26/2011SenateAdded as Co-Sponsor Sen. Thomas Johnson
  10/26/2011SenateAdded as Co-Sponsor Sen. Ron Sandack
  11/4/2011SenateAdded as Co-Sponsor Sen. Pamela J. Althoff
  1/24/2012SenateAssigned to Pensions and Investments
  1/31/2012SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Chris Lauzen
  1/31/2012SenateSenate Committee Amendment No. 1 Referred to Assignments
  1/31/2012SenateSponsor Removed Sen. Kirk W. Dillard
  2/7/2012SenateSenate Committee Amendment No. 1 Assignments Refers to Pensions and Investments
  2/24/2012SenateSenate Committee Amendment No. 1 To Pensions & Investments Subcommittee on Pension Reforms
  2/24/2012SenateTo Pensions & Investments Subcommittee on Pension Reforms
  3/9/2012SenateRule 2-10 Committee Deadline Established As March 30, 2012
  3/30/2012SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
  3/30/2012SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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