SB 3050

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pen Cd-Chi Pol-Annual Increase

Abstract

Amends the Chicago Police Article of the Illinois Pension Code. Removes a birthdate restriction on eligibility at age 55 for a 3% automatic annual increase in retirement annuity that is not subject to a maximum increase of 30%. Makes a related change. Specifies the timing of an initial increase in retirement annuity for persons who have not received the initial increase before January 1, 2020. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

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Feb 05, 2020

Senate

Filed with Secretary by Sen. Robert F. Martwick

Senate

First Reading

Senate

Referred to Assignments

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