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IL SB3630

Bill

Status

Failed

1/8/2013

Primary Sponsor

Kwame Raoul

Click for details

Origin

Senate

97th General Assembly

AI Summary

  • Amends the Cook County Article of the Illinois Pension Code regarding disability benefits for county employees with 20 or more years of service.

  • Extends eligibility for certain annuities to employees whose entire disability benefit credit period expires before age 62, if the member first became a participant on or after January 1, 2011 (previously the age threshold was 50, or 55 if expiration occurred before January 1, 1988).

  • Allows qualifying disabled employees to receive either a minimum annuity computed as if they reached the specified age (50, 55, or 62 depending on circumstances), reduced to actuarial equivalent at their actual age, or their age and service annuity, whichever is greater.

  • Modifies Section 9-160 to remove language limiting annuity eligibility to employees who withdraw before age 60, allowing broader access to annuity benefits after maximum disability benefit periods expire.

  • Takes effect immediately upon becoming law.

Legislative Description

PEN CD-COOK CO-DISABILITY

Last Action

Session Sine Die

1/8/2013

Committee Referrals

Assignments5/2/2012
Pensions and Investments2/22/2012
Assignments2/10/2012

Full Bill Text

No bill text available
IL SB 3630 - Failed | Illinois 2011 Bill | Vulcan Bills