PEN CD-BENEFIT BUYOUT PAYMENT House SponsorsRep. Daniel Biss 1/8/2013HouseSession Sine Die 40 ILCS 5/2-117.4 new40 ILCS 5/3-111.5 new40 ILCS 5/4-109.5 new40 ILCS 5/5-129.5 new40 ILCS 5/6-124.5 new40 ILCS 5/7-140.5 new40 ILCS 5/8-137.5 new40 ILCS 5/9-133.5 new40 ILCS 5/10-104.6 new40 ILCS 5/11-133.7 new40 ILCS 5/12-129.5 new40 ILCS 5/13-316 new40 ILCS 5/14-108.7 new40 ILCS 5/15-135.5 new40 ILCS 5/16-133.8 new40 ILCS 5/17-115.5 new40 ILCS 5/18-123.5 new Amends the Illinois Pension Code. Establishes a program under which certain retirement system participants may elect to receive a cash payment in exchange for agreeing to an increase in the required retirement age or agreeing to give up future automatic annual benefit increases. Effective immediately. 4/5/2012HouseFiled with the Clerk by Rep. Daniel Biss 4/10/2012HouseFirst Reading 4/10/2012HouseReferred to Rules Committee 1/8/2013HouseSession Sine Die