<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2525         </title>
<shortdesc>PEN CD-CHI POL-ANNUAL INCREASE</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Bill Cunningham</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/5-167.1</reference><aliasreference>from Ch. 108 1/2, par. 5-167.1</aliasreference><reference>30 ILCS 805/8.42 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Chicago Police Article of the Illinois Pension Code. Provides that for a policeman who retires from service after September 1, 1967 with at least 20 years of service credit and attains age 75 on or after the effective date of the amendatory Act, any 3% automatic increase in annuity shall be compounded beginning with the increase following attainment of age 75. Specifies that for a policeman who attained age 75 before the effective date of the amendatory Act, any 3% automatic increase in annuity following the effective date of the amendatory Act shall be compounded. Provides that the changes made by the amendatory Act apply without regard to whether the policeman or annuitant terminated service before the effective date of the amendatory Act. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/6/2018</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Bill Cunningham</action>
<statusdate>2/6/2018</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/6/2018</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/7/2018</statusdate><chamber>Senate</chamber><action>Assigned to Licensed Activities and Pensions</action>
<statusdate>2/15/2018</statusdate><chamber>Senate</chamber><action>Postponed - Licensed Activities and Pensions</action>
<statusdate>2/21/2018</statusdate><chamber>Senate</chamber><action>Postponed - Licensed Activities and Pensions</action>
<statusdate>3/1/2018</statusdate><chamber>Senate</chamber><action>Postponed - Licensed Activities and Pensions</action>
<statusdate>4/13/2018</statusdate><chamber>Senate</chamber><action>Rule 2-10 Committee Deadline Established As April 27, 2018</action>
<statusdate>4/19/2018</statusdate><chamber>Senate</chamber><action>To Subcommittee on Special Issues (LA)</action>
<statusdate>4/27/2018</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>1/9/2019</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

