Illinois General Assembly - Bill Status for HB3493
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 Bill Status of HB3493  94th General Assembly


Short Description:  PENCD-ART 16-AGE 55

House Sponsors
Rep. Thomas Holbrook

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/16-132from Ch. 108 1/2, par. 16-132


Synopsis As Introduced
Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that a member who is eligible to receive a retirement annuity of at least 74.6% of final average salary and who will attain age 55 on or after May 15 of the calendar year of retirement shall be deemed to attain age 55 on May 15 of that calendar year (now who will attain age 55 on or before December 31 during the year which commences on July 1 shall be deemed to attain age 55 on the preceding June 1). Effective immediately.

Actions 
DateChamber Action
  2/23/2005HouseFiled with the Clerk by Rep. Thomas Holbrook
  2/24/2005HouseFirst Reading
  2/24/2005HouseReferred to Rules Committee
  3/1/2005HouseAssigned to Executive Committee
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  1/9/2007HouseSession Sine Die

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