Illinois General Assembly - Bill Status for HB5578

Synopsis As Introduced
Amends the General Assembly Article of the Illinois Pension Code. Provides that active participants who first became participants in the System before January 9, 2013 shall, for periods of service on and after that date, be eligible only for the benefits provided to participants who first became participants on or after January 9, 2013. However, the retirement annuities of active participants who were participants in the System before January 9, 2013 shall be calculated based on a weighted average of the benefits earned before and after the effective date of this amendatory Act. Effective January 9, 2013.

Actions

Date	Chamber	Action
2/15/2012	House	Filed with the Clerk by Rep. Dave Winters
2/15/2012	House	First Reading
2/15/2012	House	Referred to Rules Committee
1/8/2013	House	Session Sine Die

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