SB 1561

  • Illinois Senate Bill
  • 96th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Pen Cd-Surs-Purchasing Power

Abstract

Amends the General Assembly, State Employees, State Universities, Downstate Teachers, and Judges Articles 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 Systems to review and report on significant changes in purchasing power. Provides for a one-time increase in certain retirement and survivor's annuities. Includes language exempting the changes from provisions concerning new benefit increases. Effective immediately.

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Jan 12, 2011

Senate

Session Sine Die

Mar 13, 2009

Senate

Rule 3-9(a) / Re-referred to Assignments

Feb 25, 2009

Senate

Assigned to Pensions and Investments

Feb 18, 2009

Senate

Filed with Secretary by Sen. Gary Forby

Senate

First Reading

Senate

Referred to Assignments

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