Illinois General Assembly - Bill Status for HB5578
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 Bill Status of HB5578  97th General Assembly

Short Description:  PEN CD-GA-BLENDED BENEFIT

House Sponsors
Rep. Dave Winters

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/2-163 new


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 
DateChamber Action
  2/15/2012HouseFiled with the Clerk by Rep. Dave Winters
  2/15/2012HouseFirst Reading
  2/15/2012HouseReferred to Rules Committee
  1/8/2013HouseSession Sine Die

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