SB 1208 Illinois Senate · 93rd Regular Session

PEN CD-SERS-INCR RETMT FORMULA

Summary

Amends the State Employee Article of the Illinois Pension Code. Increases the retirement formula for certain regular coordinated members from 1.67% to 2.0% of final average compensation per year of service. Increases the employee contribution rate for those members from 4% to 5%. Effective immediately.

Bill status failed 1 of 4 stages cleared

Introduction

Apr 2003

Committee Review

Floor Vote

Governor

Introduced Apr 1, 2003 Last action Jan 11, 2005

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 1, 2003

Committee

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

upper

Apr 1, 2003

Introduced

Pension Note Filed As Introduced

upper

Mar 13, 2003

Upper · Passed

Do Pass Insurance & Pensions; 010-000-000

upper

Feb 27, 2003

Committee

Assigned to Insurance & Pensions

upper

Feb 20, 2003

Committee

Referred to Rules

upper

0 primary · 1 co-sponsor