Bill Status of HB 3094   93rd General Assembly

Short Description:  PEN CD-PURCHASING POWER INCRS

House Sponsors
Rep. Michael K. Smith

Last Action  View All Actions

DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-119from Ch. 108 1/2, par. 17-119
40 ILCS 5/17-119.2 new
40 ILCS 5/17-122from Ch. 108 1/2, par. 17-122
30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides for a one-time increase in certain retirement and survivor's annuities. 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 retirement system to review and report on significant changes in purchasing power. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

 Pension Note ()
 

Actions 
DateChamber Action
  2/26/2003HouseFiled with the Clerk by Rep. Michael K. Smith
  2/26/2003HouseFirst Reading
  2/26/2003HouseReferred to Rules Committee
  2/27/2003HouseAssigned to Executive Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  3/14/2003HousePension Note Filed
  1/11/2005HouseSession Sine Die

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