PEN CD-CHI POL-ANNUAL INCREASE
Summary
Amends the Chicago Police Article of the Illinois Pension Code. Removes a birthdate restriction on eligibility at age 55 for a 3% automatic annual increase in retirement annuity that is not subject to a maximum increase of 30%. Makes a related change. Specifies the timing of an initial increase in retirement annuity for persons who have not received the initial increase before January 1, 2020. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2019
Committee Review
Floor Vote
Governor
Introduced Feb 13, 2019
Last action Jun 23, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
5
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Jan 28, 2020
Committee
Assigned to Executive Committee
lower
Mar 29, 2019
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 26, 2019
Committee
Assigned to Personnel & Pensions Committee
lower
Feb 13, 2019
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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