Illinois General Assembly - Bill Status for SB2487
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 Bill Status of SB2487  93rd General Assembly


Short Description:  PEN CD-PURCHASING POWER INCRS

Senate Sponsors
Sen. John J. Cullerton

Last Action
DateChamber Action
  1/11/2005SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-119from Ch. 108 1/2, par. 17-119
40 ILCS 5/17-119.2 new
40 ILCS 5/17-122from Ch. 108 1/2, par. 17-122
30 ILCS 805/8.28 new


Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides for a one-time increase in certain retirement and survivor's annuities. 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 retirement system to review and report on significant changes in purchasing power. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/3/2004SenateFiled with Secretary by Sen. John J. Cullerton
  2/3/2004SenateFirst Reading
  2/3/2004SenateReferred to Rules
  1/11/2005SenateSession Sine Die

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