Denny Jacobs
- Democratic
Primary
Amends the IMRF Article of the Illinois Pension Code. Increases the regular retirement formula to 2.15% of final earnings per year of service for service earned on or after July 1, 2003. For service before that date, authorizes augmentation of the old retirement formula by payment of a specified contribution. Increases the normal employee contribution rate by 0.5% of earnings. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
No votes to display
Session Sine Die
Pursuant to Senate Rule 3-9(b) / Referred to Rules
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
Added as Co-Sponsor Sen. M. Maggie Crotty
Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
Fiscal Note Filed
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Lawrence M. Walsh
Fiscal Note Requested by Sen. Bill Brady
Senate Floor Amendment No. 2 Referred to Rules
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Rules
Placed on Calendar Order of 2nd Reading March 18, 2003
Do Pass Insurance & Pensions; 010-000-000
Added as Chief Co-Sponsor Sen. Lawrence M. Walsh
Senate Committee Amendment No. 1 Rules Refers to Insurance & Pensions
Pension Note Filed As Introduced
Senate Committee Amendment No. 1 Referred to Rules
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Lawrence M. Walsh
To Subcommittee
Assigned to Insurance & Pensions
First Reading
Referred to Rules
Filed with Secretary by Sen. Denny Jacobs
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Document | Format |
|---|---|
| Senate Amendment 002 | |
| Senate Amendment 001 |
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