PEN CD-CHGO POL-3% COMPOUNDED
Summary
Amends the Chicago Police Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. Also increases it to 3%, reduces the minimum age to 55, and removes the 30% maximum increase limitation for all annuitants. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2006
Committee Review
Floor Vote
Governor
Introduced Jan 20, 2006
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
3
Jan 9, 2007
Senate · Failed
Session Sine Die
Feb 17, 2006
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Rules
Feb 1, 2006
Senate · Referred to committee
Assigned to Pensions & Investments
Jan 20, 2006
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
James A. DeLeo
DDemocratic
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