Illinois General Assembly - Bill Status for SB1740

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Bill Status of SB1740 102nd General Assembly

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Short Description: PEN CD-CHGO POL-3% COMPOUNDED

Senate Sponsors
Sen. William Delgado

Last Action

Date	Chamber	Action
1/13/2009	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/5-167.1

from Ch. 108 1/2, par. 5-167.1

40 ILCS 5/5-167.2

from Ch. 108 1/2, par. 5-167.2

30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. Also increases it to 3%, reduces the minimum age to 55, and removes the 30% maximum increase limitation for all annuitants. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
2/9/2007	Senate	Filed with Secretary by Sen. William Delgado
2/9/2007	Senate	First Reading
2/9/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Pensions and Investments
3/16/2007	Senate	Rule 3-9(a) / Re-referred to Rules
1/13/2009	Senate	Session Sine Die

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