PENCD-SURS-MONEY PURCHASE DATE
Summary
Amends the State Universities Article of the Illinois Pension Code. In the money-purchase formula of Rule 2, as amended by Public Act 98-599, bases the minimum money purchase amount on the annuity that would have been payable if the participant had retired on June 30, 2014 (rather than during the fiscal year preceding the effective date of P.A. 98-599). Includes a nonacceleration provision. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Apr 2014
Committee Review
Floor Vote
Governor
Introduced Apr 29, 2014
Last action Dec 3, 2014
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
0
Committee
1
Dec 3, 2014
House · Failed
Session Sine Die
Apr 29, 2014
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Chad Hays
RRepublican
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