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<xml>
<title>Illinois General Assembly - Bill Status for HB 2624   </title>
<shortdesc>PEN CD-SURS-ANNUAL INCREASES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Naomi D. Jakobsson</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/15-136</reference><aliasreference>from Ch. 108 1/2, par. 15-136</aliasreference><SynopsisText>     Amends the State Universities Article of the Illinois Pension Code. Provides that, on January 1, 2010, the monthly pension of an annuitant who retired before January 1, 1980 shall be recalculated and increased to reflect the amount the annuitant would have received in January 2010 had the annuitant been receiving a 3% increase for each year he or she received a monthly annuity under Rule 1, Rule 2, Rule 3, Rule 4, or Rule 5. Provides for an additional increase of 3% of the amount of the retirement annuity then being received each January thereafter. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/20/2009</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Naomi D. Jakobsson</action>
<statusdate>2/20/2009</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/20/2009</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/25/2009</statusdate><chamber>House</chamber><action>Assigned to Executive Committee</action>
<statusdate>3/13/2009</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/11/2011</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

