Illinois General Assembly - Bill Status for HB1554
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 Bill Status of HB1554  93rd General Assembly

Short Description:  PEN CD-ST POL-RETMT AT ANY AGE

House Sponsors
Rep. Michael K. Smith

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

Statutes Amended In Order of Appearance
40 ILCS 5/14-110from Ch. 108 1/2, par. 14-110


Synopsis As Introduced
Amends the State Employee Article of the Illinois Pension Code. Provides that persons under the alternative (State police) retirement formula may retire at any age after having established service sufficient to provide an alternative formula annuity equal to at least 80% of final average compensation. Effective immediately.

 Pension Note (Pension Laws Commission)
 Increased accrued liability of $62 million.

Actions 
DateChamber Action
  2/7/2003HouseFiled with the Clerk by Rep. Michael K. Smith
  2/10/2003HouseFirst Reading
  2/10/2003HouseReferred to Rules Committee
  2/11/2003HouseAssigned to Executive Committee
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  4/7/2003HousePension Note Filed
  1/11/2005HouseSession Sine Die

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