BLACK-POE-KLINGLER-TURNER,JOHN-HARTKE AND MITCHELL,JERRY. (MYERS,J) 40 ILCS 5/14-107 from Ch. 108 1/2, par. 14-107 Amends the State Employee Article of the Illinois Pension Code. Provides that a person with at least 34 years of creditable service who has reached the 75% maximum pension shall be deemed to have 35 years of service for purposes of avoiding the early retirement penalty and qualifying for the automatic annual increase in annuity. Effective immediately. PENSION NOTE (Pension Laws Commission) Accrued liability would increase by $13.8 million; annual contributions would be relatively small. PENSION NOTE, REVISED (Pension Laws Commission) According to the Commission's actuary, HB 428 would increase the accrued liability of the System by an estimated $8.38 million (based on the 1999 actuarial valuation). The increase in total annual costs as a percent of payroll is 0.02% ($0.75 million). 99-02-02 H FILED WITH CLERK 99-02-02 H FIRST READING 99-02-02 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-03 H ASSIGNED TO COMMITTEE PERS PENSION 99-02-09 H PENSION NOTE FILED 99-02-09 H COMMITTEE PERS PENSION 99-02-10 H ADDED AS A CO-SPONSOR POE 99-02-11 H ADDED AS A JOINT SPONSOR POE 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-11-30 H ASSIGNED TO COMMITTEE PERS PENSION 99-11-30 H MOTION PREVAILED TO SUSPEND RULE 25 99-11-30 H DO PASS/SHORT DEBATE 009-000-000 HPPN 99-11-30 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-12-01 H SECOND READING-SHORT DEBATE 99-12-01 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-12-02 H ADDED AS A JOINT SPONSOR KLINGLER 99-12-02 H ADDED AS A JOINT SPONSOR TURNER,JOHN 99-12-02 H ADDED AS A JOINT SPONSOR HARTKE 99-12-02 H ADDED AS A CO-SPONSOR MITCHELL,JERRY 99-12-02 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 99-12-02 S ARRIVE IN SENATE 99-12-02 S PLACED CALENDAR ORDER OF FIRST READING 00-01-12 00-01-12 S CHIEF SPONSOR MYERS,J 00-01-12 S FIRST READING 00-01-12 S REFERRED TO SENATE RULES COMMITTEE RULES 00-02-25 S PENSION NOTE FILED 00-02-25 S COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary