Illinois 93rd Regular Session Status: Passed Senate

SB 588 — PEN CD-SURS-PURCHASING POWER

Last action — Session Sine Die

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 93rd Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the State Universities Article of the Illinois Pension Code. Declares it to be the public policy of this State and the intention of the General Assembly to protect annuitants against significant decreases in the purchasing power of retirement and survivor's annuities. Directs the System to review and report on significant changes in purchasing power. Provides for a one-time increase in certain retirement and survivor's annuities. Requires the resulting liability to be paid on a level dollar basis over a period of 10 years beginning July 1, 2005. Effective immediately.

Bill Text

Action History

  1. Session Sine Die

  2. Pursuant to Senate Rule 3-9(b) / Referred to Rules

  3. Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.

  4. Fiscal Note Filed

  5. Added as Co-Sponsor Sen. Richard J. Winkel, Jr.

  6. Fiscal Note Requested by Sen. Bill Brady

  7. Placed on Calendar Order of 2nd Reading March 18, 2003

  8. Do Pass Insurance & Pensions; 010-000-000

  9. To Subcommittee

  10. Pension Note Filed As Introduced

  11. Postponed - Insurance & Pensions

  12. Assigned to Insurance & Pensions

  13. Referred to Rules

  14. First Reading

  15. Filed with Secretary by Sen. James F. Clayborne, Jr.

Sponsors

  • Jr. James F. Clayborne · Cosponsor

Sponsorship breakdown

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0 sponsors · 1 co-sponsors · 182 not signed on

Sponsors (0)

None.

Co-sponsors (1)

  • James F. Clayborne, Jr.

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance veterans labor
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Frequently asked questions

What does SB 588 do?
Amends the State Universities Article of the Illinois Pension Code. Declares it to be the public policy of this State and the intention of the General Assembly to protect annuitants against significant decreases in the purchasing power of retirement and survivor's annuities. Directs the System to review and report on significant changes in purchasing power. Provides for a one-time increase in certain retirement and survivor's annuities. Requires the resulting liability to be paid on a level dollar basis over a period of 10 years beginning July 1, 2005. Effective immediately.
Who sponsors SB 588?
SB 588 is sponsored by James F. Clayborne, Jr..
What is the current status of SB 588?
This bill died with 93rd Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 588?
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Last checked for changes 3 months ago · updated continuously

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