HB 2821 Illinois House · 103rd Regular Session

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, 2023. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2023

Committee Review

Floor Vote

Governor

Introduced Feb 16, 2023 Last action Mar 14, 2023

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 10, 2023

Committee

Rule 19(a) / Re-referred to Rules Committee

lower

Feb 28, 2023

Committee

Assigned to Personnel & Pensions Committee

lower

Feb 16, 2023

Committee

Referred to Rules Committee

lower

1 primary · 3 co-sponsors