PEN CD-TRS & SURS-EARLY RETIRE House SponsorsRep. Robert Martwick 1/13/2021HouseSession Sine Die 40 ILCS 5/15-136from Ch. 108 1/2, par. 15-13640 ILCS 5/15-136.440 ILCS 5/15-136.5 new40 ILCS 5/15-145from Ch. 108 1/2, par. 15-14540 ILCS 5/15-185.540 ILCS 5/15-185.640 ILCS 5/15-19840 ILCS 5/16-133.1from Ch. 108 1/2, par. 16-133.140 ILCS 5/16-133.6 new40 ILCS 5/16-143.1from Ch. 108 1/2, par. 16-143.140 ILCS 5/16-190.540 ILCS 5/16-190.640 ILCS 5/16-203 Amends the State Universities and Downstate Teacher Articles of the Illinois Pension Code. Provides that a Tier 1 member who is at least 55 years of age and meets other specified requirements may elect to receive an age enhancement and additional creditable service in an amount equal to the applicable minimum age for an undiscounted retirement annuity (based on the amount of creditable service the member has on the effective date of the election) minus the member's actual age on the effective date of the election and additional creditable service equal to the amount of the age enhancement. Provides that the amount of the age enhancement and creditable service granted may not exceed 5 years. Provides that a member who elects the age enhancement and additional creditable service shall have any automatic annual increase in his or her retirement annuity and survivor's annuity payable to his or her beneficiary calculated at 3% or the annual unadjusted percentage increase (but not less than zero) in the consumer price index-u, whichever is less, of the originally granted annuity. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Makes conforming changes. Effective immediately. 2/14/2019HouseFiled with the Clerk by Rep. Robert Martwick 2/14/2019HouseFirst Reading 2/14/2019HouseReferred to Rules Committee 2/26/2019HouseAssigned to Personnel & Pensions Committee 3/6/2019HouseTo Pension Reform Subcommittee 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die