PEN CD-SALARY-STATE SYS + IMRF
Summary
Amends the General Assembly, Illinois Municipal Retirement Fund, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Caps the highest salary for annuity purposes, final rate of earnings, final average compensation, and final average salary for current members, participants, and participating employees of the affected systems at $106,800, but authorizes that amount to be annually increased by the lesser of 3% or one-half of the annual percentage increase in the consumer price index-u for the 12 months ending with the September preceding each November 1. Requires employee contributions to also be based on these capped amounts. Effective July 1, 2011.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2011
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2011
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
15
Key actions
0
Committee
3
Jan 8, 2013
House · Failed
Session Sine Die
Mar 17, 2011
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 8, 2011
House · Referred to committee
Assigned to Executive Committee
Jan 18, 2011
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Jack D. Franks
DDemocratic
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