Illinois General Assembly - Bill Status for HB6184
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 Bill Status of HB6184  96th General Assembly


Short Description:  PEN CD-ART 6-REVERSIONARY

House Sponsors
Rep. Kevin A. McCarthy

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/6-229 new
30 ILCS 805/8.34 new


Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. Allows a fireman, prior to retirement on annuity, to elect to take a lesser amount of annuity and provide, with the actuarial value of the amount by which his or her annuity is reduced, a reversionary annuity for a spouse. Provides that a fireman exercising the option to provide a reversionary annuity may not reduce his or her annuity by more than $400 per month or elect to provide a reversionary annuity of less than $100 per month. Provides that a reversionary annuity shall begin on the day following the death of the annuitant and shall continue monthly thereafter until the death of the reversionary annuitant. Provides a method for calculating the amount of the reversionary annuity. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/11/2010HouseFiled with the Clerk by Rep. Kevin A. McCarthy
  2/11/2010HouseFirst Reading
  2/11/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die

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