Illinois General Assembly - Bill Status for HB3427

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of HB3427 97th General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: PEN CD-EXCLUDE-INCR>6%/PYMNTS

House Sponsors
Rep. David Harris - Dwight Kay

Last Action

Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/1-161 new

Synopsis As Introduced
Amends the Illinois Pension Code. Requires all pension funds and retirement systems established under the Code to exclude the following items when computing the compensation, salary, or wages upon which an annuity, pension, or other benefit is to be based: (i) lump sum payments for retirement, severance, and sick or vacation time and (ii) any annual increase in compensation, salary, or wages of more than 6%. Applies only to persons who are participants on the effective date or who first become participants on or after the effective date. Effective immediately.

Actions

Date	Chamber	Action
2/24/2011	House	Filed with the Clerk by Rep. David Harris
2/24/2011	House	First Reading
2/24/2011	House	Referred to Rules Committee
2/28/2011	House	Assigned to Executive Committee
3/7/2011	House	Added Chief Co-Sponsor Rep. Dwight Kay
3/7/2011	House	Re-assigned to Personnel and Pensions Committee
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

×