HB 5578

  • Illinois House Bill
  • 97th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Ga-Blended Benefit

Abstract

Amends the General Assembly Article of the Illinois Pension Code. Provides that active participants who first became participants in the System before January 9, 2013 shall, for periods of service on and after that date, be eligible only for the benefits provided to participants who first became participants on or after January 9, 2013. However, the retirement annuities of active participants who were participants in the System before January 9, 2013 shall be calculated based on a weighted average of the benefits earned before and after the effective date of this amendatory Act. Effective January 9, 2013.

Bill Sponsors (1)

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Jan 08, 2013

House

Session Sine Die

Feb 15, 2012

House

Filed with the Clerk by Rep. Dave Winters

House

First Reading

House

Referred to Rules Committee

Bill Text

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