Illinois General Assembly - Bill Status for HB0826
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB0826  94th General Assembly


Short Description:  PENCD-ART 6-COMPOUND ANY AGE

House Sponsors
Rep. Richard T. Bradley - Daniel J. Burke - Joseph M. Lyons - Edward J. Acevedo - Maria Antonia Berrios

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/6-164from Ch. 108 1/2, par. 6-164
30 ILCS 805/8.29 new


Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. Increases the required employee contribution by 0.5% of salary. Compounds the 3% automatic annual increase in retirement annuity for members who have paid the increased contribution for at least one year. Allows certain persons no longer in service to elect to pay an additional contribution and thereby qualify for the compounding. For firemen born on or after January 1, 1955, increases the automatic annual increase in retirement annuity to 3%, removes the 30% maximum, and permits the initial increase at age 55. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/2/2005HouseFiled with the Clerk by Rep. Richard T. Bradley
  2/2/2005HouseChief Co-Sponsor Rep. Daniel J. Burke
  2/2/2005HouseChief Co-Sponsor Rep. Joseph M. Lyons
  2/2/2005HouseChief Co-Sponsor Rep. Edward J. Acevedo
  2/2/2005HouseChief Co-Sponsor Rep. Maria Antonia Berrios
  2/2/2005HouseFirst Reading
  2/2/2005HouseReferred to Rules Committee
  2/8/2005HouseAssigned to Executive Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

Back To Top