James F. Clayborne, Jr.
- Democratic
Primary
Amends the State Universities Article of the Illinois Pension Code. Declares it to be the public policy of this State and the intention of the General Assembly to protect annuitants against significant decreases in the purchasing power of retirement and survivor's annuities. Directs the System to review and report on significant changes in purchasing power. Provides for a one-time increase in certain retirement and survivor's annuities. Requires the resulting liability to be paid on a level dollar basis over a period of 10 years beginning July 1, 2007. Effective immediately.
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Session Sine Die
Rule 3-9(a) / Re-referred to Rules
Pension Note Filed from the Commission on Government Forecasting and Accountability.
To Subcommittee
Assigned to Pensions & Investments
Filed with Secretary by Sen. James F. Clayborne, Jr.
Referred to Rules
First Reading
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