Bill Title: Amends the Chicago Firefighter Article of the Illinois Pension Code. Removes a birthdate restriction on eligibility at age 55 for a 3% automatic annual increase in retirement annuity that is not subject to a maximum increase of 30%. Makes a related change. Adds provisions concerning calculations of annual increases in retirement annuities of annuitants who retire after September 1, 1967. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Enrolled - Dead) 2021-01-12 - Added as Alternate Co-Sponsor Sen. Elgie R. Sims, Jr. [HB2451 Detail]

Text: Latest bill text (Enrolled) [HTML]

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