91st General Assembly
Summary of HB0320
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House Sponsors:

Short description: 
PEN CD-CHGO LABOR-ADMIN                                                    

Synopsis of Bill as introduced:
        Amends the Chicago Laborer Article of the Illinois Pension Code.       
   Amends the reversionary annuity table to add entries relating to            
   persons who retire befpre age 55. Allows a person whose retirement          
   annuity would be less than $800 per month (currently $300) to elect to      
   receive a refund instead of an annuity. Adds provisions relating to         
   payment of benefits to a person under legal disability. Changes the         
   term of the elected members of the Board, from 2 years to 3. Changes        
   the annuity payment date for certain annuities that began before            
   January 1, 1998. Effective immediately.                                     
          PENSION NOTE (Pension Laws Commission)                               
          Fiscal impact cannot be calculated, but is estimated to be           
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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