PENCD-ART 16-AGE 55
Summary
Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that a member who is eligible to receive a retirement annuity of at least 74.6% of final average salary and who will attain age 55 on or after May 15 of the calendar year of retirement shall be deemed to attain age 55 on May 15 of that calendar year (now who will attain age 55 on or before December 31 during the year which commences on July 1 shall be deemed to attain age 55 on the preceding June 1). Includes language exempting the changes from provisions concerning new benefit increases. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2007
Committee Review
Floor Vote
Governor
Introduced Jan 23, 2007
Last action Jan 13, 2009
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
0
Committee
3
Jan 13, 2009
House · Failed
Session Sine Die
Mar 23, 2007
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Jan 31, 2007
House · Referred to committee
Assigned to Executive Committee
Jan 26, 2007
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Thomas Holbrook
DDemocratic
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