Illinois General Assembly - Bill Status for HB3304
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 Bill Status of HB3304  97th General Assembly


Short Description:  PEN CD-ART 4-RECALCULATION

House Sponsors
Rep. Donald L. Moffitt

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

Statutes Amended In Order of Appearance
40 ILCS 5/4-109.1from Ch. 108 1/2, par. 4-109.1
30 ILCS 805/8.35 new


Synopsis As Introduced
Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides that, in July 2011, the monthly pension of a firefighter who retired on or before January 1, 1986 shall be recalculated and increased to reflect the amount that the firefighter would have received in July 2011 had the firefighter been receiving a 3% compounded increase for each year he or she received pension payments after January 1, 1986, plus any increases in pension received for each year prior to January 1, 1986. In each January thereafter, provides that he or she shall receive an additional increase of 3% of the amount of the pension then being paid. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/24/2011HouseFiled with the Clerk by Rep. Donald L. Moffitt
  2/24/2011HouseFirst Reading
  2/24/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Executive Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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