SB 1103 Illinois Senate · 93rd Regular Session

PEN CD-IMRF-FORMULA INCREASE

Summary

Amends the IMRF Article of the Illinois Pension Code. Increases the regular retirement formula to 2.15% of final earnings per year of service for service earned on or after July 1, 2003. For service before that date, authorizes augmentation of the old retirement formula by payment of a specified contribution. Increases the normal employee contribution rate by 0.5% of earnings. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Mar 2003

Committee Review

Floor Vote

Governor

Introduced Mar 11, 2003 Last action Jan 11, 2005

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 11, 2005

Senate · Failed

Session Sine Die

Jul 1, 2003

Senate · Amendment failed

Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

Jul 1, 2003

Senate · Amendment failed

Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)

Jul 1, 2003

Senate · Referred to committee

Pursuant to Senate Rule 3-9(b) / Referred to Rules

Mar 18, 2003

Senate · Referred to committee

Senate Floor Amendment No. 2 Referred to Rules

Mar 18, 2003

Senate · Amendment offered

Senate Floor Amendment No. 2 Filed with Secretary by Sen. Lawrence M. Walsh

Mar 14, 2003

Senate · Referred to committee

Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules

Mar 13, 2003

Senate · Reported by committee

Do Pass Insurance & Pensions; 010-000-000

Mar 11, 2003

Senate · Reported by committee

Senate Committee Amendment No. 1 Rules Refers to Insurance & Pensions

Mar 11, 2003

Senate · Introduced

Pension Note Filed As Introduced

Mar 5, 2003

Senate · Referred to committee

Senate Committee Amendment No. 1 Referred to Rules

Mar 5, 2003

Senate · Amendment offered

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Lawrence M. Walsh

Mar 5, 2003

Senate · Reported by committee

To Subcommittee

Feb 26, 2003

Senate · Referred to committee

Assigned to Insurance & Pensions

Feb 20, 2003

Senate · Referred to committee

Referred to Rules

0 primary · 1 co-sponsor