Jack D. Franks
- Democratic
Primary
Amends the General Assembly, Illinois Municipal Retirement Fund, State Employees, State Universities, Downstate Teachers, and Judges Articles of the Illinois Pension Code. Caps the highest salary for annuity purposes, final rate of earnings, final average compensation, and final average salary for current members, participants, and participating employees of the affected systems at $106,800, but authorizes that amount to be annually increased by the lesser of 3% or one-half of the annual percentage increase in the consumer price index-u for the 12 months ending with the September preceding each November 1. Requires employee contributions to also be based on these capped amounts. Effective July 1, 2011.
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Session Sine Die
Added Co-Sponsor Rep. Elaine Nekritz
Remove Chief Co-Sponsor Rep. Sara Feigenholtz
Rule 19(a) / Re-referred to Rules Committee
Added Chief Co-Sponsor Rep. Carol A. Sente
Added Chief Co-Sponsor Rep. Deborah Mell
Chief Co-Sponsor Changed to Rep. Carol A. Sente
Chief Co-Sponsor Changed to Rep. Deborah Mell
Added Co-Sponsor Rep. Thaddeus Jones
Added Chief Co-Sponsor Rep. Karen A. Yarbrough
Added Chief Co-Sponsor Rep. Sara Feigenholtz
Assigned to Executive Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Jack D. Franks
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