HB 2847

  • Illinois House Bill
  • 102nd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pencd-Retirement Annuity Limit

Abstract

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.

Bill Sponsors (4)

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Jan 14, 2022

House

Added Co-Sponsor Rep. Martin McLaughlin

Oct 19, 2021

House

Added Co-Sponsor Rep. Chris Bos

Mar 27, 2021

House

Rule 19(a) / Re-referred to Rules Committee

Mar 18, 2021

House

Added Co-Sponsor Rep. Ryan Spain

Mar 09, 2021

House

Assigned to Personnel & Pensions Committee

Feb 19, 2021

House

Referred to Rules Committee

House

First Reading

Feb 18, 2021

House

Filed with the Clerk by Rep. Blaine Wilhour

Bill Text

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Sources

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