SB 582

  • Illinois Senate Bill
  • 93rd Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pen Cd-Chgo Pol-3% Compounded

Abstract

Amends the Chicago Police Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. Also increases it to 3%, reduces the minimum age to 55, and removes the 30% maximum increase limitation for all annuitants. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (1)

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Actions


Jan 11, 2005

Senate

Session Sine Die

Jul 01, 2003

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Rules

May 21, 2003

Senate

Pension Note Filed As Introduced - Revised

Apr 04, 2003

Senate

Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.

Mar 25, 2003

Senate

Fiscal Note Filed

Mar 18, 2003

Senate

Fiscal Note Requested by Sen. Bill Brady

Mar 13, 2003

Senate

Do Pass Insurance & Pensions; 006-004-000

Senate

Placed on Calendar Order of 2nd Reading March 18, 2003

Mar 12, 2003

Senate

Added as Chief Co-Sponsor Sen. Denny Jacobs

Mar 05, 2003

Senate

To Subcommittee

Feb 28, 2003

Senate

Pension Note Filed As Introduced

Feb 27, 2003

Senate

Postponed - Insurance & Pensions

Feb 19, 2003

Senate

Assigned to Insurance & Pensions

Feb 18, 2003

Senate

Filed with Secretary by Sen. James A. DeLeo

Senate

Referred to Rules

Senate

First Reading

Bill Text

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