HB 6225

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pencd-Surs-Money Purchase Date

Abstract

Amends the State Universities Article of the Illinois Pension Code. In the money-purchase formula of Rule 2, as amended by Public Act 98-599, bases the minimum money purchase amount on the annuity that would have been payable if the participant had retired on June 30, 2014 (rather than during the fiscal year preceding the effective date of P.A. 98-599). Includes a nonacceleration provision. Effective immediately.

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Dec 03, 2014

House

Session Sine Die

Apr 29, 2014

House

First Reading

House

Referred to Rules Committee

House

Added Chief Co-Sponsor Rep. Norine Hammond

House

Added Chief Co-Sponsor Rep. Robert W. Pritchard

House

Filed with the Clerk by Rep. Chad Hays

House

Added Chief Co-Sponsor Rep. Dan Brady

House

Added Co-Sponsor Rep. David R. Leitch

House

Added Co-Sponsor Rep. Rich Brauer

House

Added Chief Co-Sponsor Rep. Mike Bost

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