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<xml>
<title>Illinois General Assembly - Bill Status for HB 2908         </title>
<shortdesc>PENCD-CHI FIRE-ANNUAL INCREASE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Robert Martwick</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/6-164</reference><aliasreference>from Ch. 108 1/2, par. 6-164</aliasreference><reference>30 ILCS 805/8.43 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that the annual increase to a Tier 2 retirement annuity shall be calculated at 3% (instead of the lesser of 3% or one-half the annual unadjusted percentage increase in the consumer price index-u for the 12 months ending with the September preceding each November 1) of the originally granted annuity. Makes a conforming change. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Robert Martwick</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/26/2019</statusdate><chamber>House</chamber><action>Assigned to Personnel &amp; Pensions Committee</action>
<statusdate>3/6/2019</statusdate><chamber>House</chamber><action>To Administrative and Substantive Pension Subcommittee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

