SB 2095

  • Illinois Senate Bill
  • 102nd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pencd-Chi Fire-Annual Increase

Abstract

Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that the annual increase to a Tier 2 retirement annuity shall be calculated at 3% (instead of the lesser of 3% or one-half the annual unadjusted percentage increase in the consumer price index-u for the 12 months ending with the September preceding each November 1) of the originally granted annuity. Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

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Jan 10, 2023

Senate

Session Sine Die

Feb 26, 2021

Senate

Filed with Secretary by Sen. Robert F. Martwick

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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