Bill Status of SB2246  96th General Assembly

Short Description:  PEN CD-ALL FUNDS-MAX ANNUITY

Senate Sponsors
Sen. Chris Lauzen and Dave Syverson

Last Action
DateChamber Action
  1/12/2011SenateSession Sine Die

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


Synopsis As Introduced
Amends the General Provisions Article of the Illinois Pension Code. Provides that the total retirement annuity, including any automatic, one-time, or other increases in that annuity, shall not ever exceed $100,000 per year. Applies only to a person who first becomes a participant on or after the effective date. Effective immediately.

Actions 
DateChamber Action
  2/20/2009SenateFiled with Secretary by Sen. Chris Lauzen
  2/20/2009SenateFirst Reading
  2/20/2009SenateReferred to Assignments
  3/4/2009SenateAssigned to Pensions and Investments
  3/12/2009SenateHeld in Pensions and Investments
  3/13/2009SenateRule 3-9(a) / Re-referred to Assignments
  4/23/2009SenateAdded as Co-Sponsor Sen. Dave Syverson
  1/12/2011SenateSession Sine Die