Illinois General Assembly - Bill Status for SB2350
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 Bill Status of SB2350  99th General Assembly

Short Description:  PEN CD-CHI FIRE-INCREASE

Senate Sponsors
Sen. John G. Mulroe

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/6-128.2from Ch. 108 1/2, par. 6-128.2
40 ILCS 5/6-128.4from Ch. 108 1/2, par. 6-128.4
40 ILCS 5/6-164from Ch. 108 1/2, par. 6-164
30 ILCS 805/8.40 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that any fireman born after December 31, 1954 but before January 1, 1966 shall be entitled to receive 3% automatic annual increases to his or her annuity. Provides that the automatic annual increase is not subject to the 30% maximum. Provides that the initial increase shall be in an amount equal to 3% for each complete year following the date of retirement or attainment of age 55, whichever occurs later. Provides that beginning January 1, 2017, the minimum widow's annuity and minimum retirement annuity payable to any person who has retired from service at age 50 or over with 20 or more years of service and is entitled to receive a retirement annuity under this Article on that date, or who retires from service at age 50 or over with 20 or more years of service after that date, shall be no less than 125% of the Federal Poverty Level. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

DateChamber Action
  1/28/2016SenateFiled with Secretary by Sen. John G. Mulroe
  1/28/2016SenateFirst Reading
  1/28/2016SenateReferred to Assignments
  1/10/2017SenateSession Sine Die

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