Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB2525  100th General Assembly


Short Description:  PEN CD-CHI POL-ANNUAL INCREASE

Senate Sponsors
Sen. Bill Cunningham

Hearings
Licensed Activities and Pensions Hearing Feb 21 2018 1:30PM Capitol 400 Springfield, IL


Last Action
DateChamber Action
  2/15/2018SenatePostponed - Licensed Activities and Pensions

Statutes Amended In Order of Appearance
40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.1
30 ILCS 805/8.42 new


Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code. Provides that for a policeman who retires from service after September 1, 1967 with at least 20 years of service credit and attains age 75 on or after the effective date of the amendatory Act, any 3% automatic increase in annuity shall be compounded beginning with the increase following attainment of age 75. Specifies that for a policeman who attained age 75 before the effective date of the amendatory Act, any 3% automatic increase in annuity following the effective date of the amendatory Act shall be compounded. Provides that the changes made by the amendatory Act apply without regard to whether the policeman or annuitant terminated service before the effective date of the amendatory Act. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.

Actions 
DateChamber Action
  2/6/2018SenateFiled with Secretary by Sen. Bill Cunningham
  2/6/2018SenateFirst Reading
  2/6/2018SenateReferred to Assignments
  2/7/2018SenateAssigned to Licensed Activities and Pensions
  2/15/2018SenatePostponed - Licensed Activities and Pensions

Back To Top