PEN CD-SURS-PURCHASING POWER
Summary
Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Declares it to be the public policy of this State and the intention of the General Assembly to protect annuitants against significant decreases in the purchasing power of retirement and survivor's annuities. Directs the Systems to review and report on significant changes in purchasing power. Provides for a one-time increase in certain retirement and survivor's annuities. Includes language exempting the changes from provisions concerning new benefit increases. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2008
Committee Review
Floor Vote
Governor
Introduced Feb 15, 2008
Last action Jan 13, 2009
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 13, 2009
Senate · Failed
Session Sine Die
Mar 14, 2008
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Rules
Mar 12, 2008
Senate · Reported by committee
To Subcommittee
Mar 5, 2008
Senate · Referred to committee
Assigned to Pensions and Investments
Feb 15, 2008
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Gary Forby
DDemocratic
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