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 8, 2023
Last action Feb 15, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
1
Feb 8, 2023
Committee
Referred to Assignments
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Rob Martwick
DDemocratic
Co
Bill Cunningham
DDemocratic
Co
Mike Porfirio
DDemocratic
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