Loading chat...

IL HB3161

Bill

Official Source

Status

Passed

8/4/2023

Primary Sponsor

Lakesia Collins

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Amends the Illinois Pension Code sections 8-137 and 8-137.1 regarding automatic annuity increases for Chicago municipal employees
  • Restores annuity increase provisions that were held unconstitutional under P.A. 98-641, including increases of 1.5% (through 1971), 2% (1972-1983), and 3% (1984 onward)
  • Provides that annuity increases for all employees take effect in January of each year rather than on various other dates throughout the year
  • Requires certain retired municipal employees to make a one-time contribution equal to 1% of final monthly salary times years of service to qualify for automatic annuity increases
  • Repeals Section 8-174.2 of the Illinois Pension Code

Legislative Description

PEN CD-CHI MUNI

Last Action

Public Act . . . . . . . . . 103-0443

8/4/2023

Committee Referrals

Special Committee on Pensions4/18/2023
Assignments3/27/2023
Personnel & Pensions2/28/2023
Rules2/17/2023

Full Bill Text

No bill text available