PEN CD-BENEFIT BUYOUT PAYMENT
Summary
Amends the Illinois Pension Code. Establishes a program under which certain retirement system participants may elect to receive a cash payment in exchange for agreeing to an increase in the required retirement age or agreeing to give up future automatic annual benefit increases. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Apr 2012
Committee Review
Floor Vote
Governor
Introduced Apr 5, 2012
Last action Jan 8, 2013
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 8, 2013
House · Failed
Session Sine Die
Apr 10, 2012
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Daniel Biss
DDemocratic
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