<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1554   </title>
<shortdesc>PEN CD-ST POL-RETMT AT ANY AGE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael K. Smith</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/14-110</reference><aliasreference>from Ch. 108 1/2, par. 14-110</aliasreference><SynopsisText>     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.</SynopsisText><synopsistitle>Pension Note (Pension Laws Commission)</synopsistitle>
<SynopsisText>Increased accrued liability of $62 million.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael K. Smith</action>
<statusdate>2/10/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/11/2003</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/13/2003</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>4/7/2003</statusdate><chamber>House</chamber><action>Pension Note Filed</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

