- District 107
Amends the Illinois Pension Code. Provides that the total amount of the retirement annuity or pension benefits a person may receive from any pension fund or retirement system under the Code in any year shall not exceed $132,900; however, that amount shall annually thereafter be increased by the percentage increase (but not less than zero) in the consumer price index-u for the 12 months ending with the September preceding each November 1, including all previous adjustments. Provides that the changes apply without regard to whether a person became a member, participant, beneficiary, or annuitant before the effective date of the amendatory Act. Effective immediately.
No votes to display
Added Co-Sponsor Rep. Martin McLaughlin
Added Co-Sponsor Rep. Chris Bos
Rule 19(a) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Ryan Spain
Assigned to Personnel & Pensions Committee
Referred to Rules Committee
Filed with the Clerk by Rep. Blaine Wilhour
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