SB 1635

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

Pen Cd-Surs-Annual Increases

Abstract

Amends the State Universities Article of the Illinois Pension Code. Provides that, on January 1, 2012, the monthly pension of an annuitant who retired before January 1, 1980 shall be recalculated and increased to reflect the amount the annuitant would have received in January 2012 had the annuitant been receiving a 3% increase for each year he or she received a monthly annuity under Rule 1, Rule 2, Rule 3, Rule 4, or Rule 5. Provides for an additional increase of 3% of the amount of the retirement annuity then being received each January thereafter. Effective immediately.

Bill Sponsors (1)

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Jan 08, 2013

Senate

Session Sine Die

Mar 18, 2011

Senate

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

Mar 10, 2011

Senate

To Pensions & Investments Subcommittee on Pension Enhancements

Mar 03, 2011

Senate

Postponed - Pensions and Investments

Feb 23, 2011

Senate

Assigned to Pensions and Investments

Feb 09, 2011

Senate

Filed with Secretary by Sen. Michael W. Frerichs

Senate

Referred to Assignments

Senate

First Reading

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