Bill Texts: IL SB1573 | 2021-2022 | 102nd General Assembly
Bill Title: Amends the Chicago Police 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. Specifies the timing of an initial increase in retirement annuity for persons who have not received the initial increase before January 1, 2021. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-02-26 - Referred to Assignments [SB1573 Detail]
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2021-02-26 - Referred to Assignments [SB1573 Detail]
Bill Drafts
Revision | Date | Format | Source | View |
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Introduced | 2021-02-26 | HTML/Text | Link | View |
Amendments
Amendment | Date | Disposition | Format | Source | View |
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No bill amendments currently on file for Illinois SB1573 |
Supplemental Documents
Title | Description | Date | Format | Source | View |
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No supplemental documents for Illinois SB1573 currently on file. |