Illinois General Assembly - Bill Status for SB2565

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Bill Status of SB2565 95th General Assembly

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Short Description: PENCD-CHGO FIRE-COMPOUND INC

Senate Sponsors
Sen. James A. DeLeo

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/6-164

from Ch. 108 1/2, par. 6-164

30 ILCS 805/8.32 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. Compounds the automatic annual increase in the retirement annuity. Increases the rate of increase to 3% and removes the 30% maximum for all firemen who are at least 55 years of age, regardless of date of birth. For certain firemen who are at least 55 years of age with at least 20 years of service, makes the initial annual increase occur on the first anniversary of retirement. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/15/2008	Senate	Filed with Secretary by Sen. James A. DeLeo
2/15/2008	Senate	First Reading
2/15/2008	Senate	Referred to Rules
2/28/2008	Senate	Assigned to Pensions and Investments
3/14/2008	Senate	Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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