Illinois General Assembly - Bill Status for HB1699
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 Bill Status of HB1699  100th General Assembly


Short Description:  PEN CD-COOK CO-INCREASE/TAXES

House Sponsors
Rep. Robert S. Molaro

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/9-133from Ch. 108 1/2, par. 9-133
40 ILCS 5/9-146.2
40 ILCS 5/9-169from Ch. 108 1/2, par. 9-169
30 ILCS 805/8.31 new


Synopsis As Introduced
Amends the Cook County Article of the Illinois Pension Code. Provides that the annual annuity increase for a person first employed under the Article on or after the effective date shall be at a rate of 3% of the original fixed annuity (instead of 3% of the current amount of the annuity). Provides that the widow's annuity for widow of a person first employed under the Article on or after the effective date shall be subject to an annual increase at a rate of 3% of the original fixed annuity (instead of 3% of the amount of the widow's annuity payable at the time of the increase). Provides that the county board shall levy a tax annually upon all taxable property in the city at a rate that will produce a sum that will be sufficient to bring the total assets of the County Employees' and Officers' Annuity and Benefit Fund up to 90% of the total actuarial liabilities of the Fund by the end of fiscal year 2016 (instead of a sum that will be sufficient for the requirements of the Article, with a maximum provided). Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/22/2007HouseFiled with the Clerk by Rep. Robert S. Molaro
  2/22/2007HouseFirst Reading
  2/22/2007HouseReferred to Rules Committee
  2/27/2007HouseAssigned to Executive Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die

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