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Chief Sponsor:

Thomas Holbrook

Tagged in: Teacher

Latest Update: Monday, December, 01st 2008

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PENCD-ART 16-AGE 55

Amends the Downstate Teacher Article of the Illinois Pension Code. Provides that a member who is eligible to receive a retirement annuity of at least 74.6% of final average salary and who will attain age 55 on or after May 15 of the calendar year of retirement shall be deemed to attain age 55 on May 15 of that calendar year (now who will attain age 55 on or before December 31 during the year which commences on July 1 shall be deemed to attain age 55 on the preceding June 1). Includes language exempting the changes from provisions concerning new benefit increases. Effective immediately.
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Latest Actions
  • 03/23/2007 - Rule 19(a) / Re-referred to Rules Committee
  • 02/06/2007 - Added Chief Co-Sponsor Rep. Paul D. Froehlich
  • 02/06/2007 - Added Chief Co-Sponsor Rep. Mike Boland
  • 01/31/2007 - Assigned to Executive Committee
  • 01/26/2007 - First Reading

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Bill Text
File name Last Updated
HB0379 Bill Text Introduced PDF07/03/2007