Legislation Update and Pending Bills
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Latest PAGE update:  April 10, 2008

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STATE OF ILLINOIS LEGISLATION


Fiscal Year 2008 Illinois Legislative Proposals

Bill#


Description

HB750

(MANY)

Income tax swap - including a tax on pensions!

SB2288

(MANY)

Income tax swap - including a tax on pensions!

HB4271

Molaro

5+5 Early Retirement Incentive Program.

HB4272

Molaro

Provide 80% maximum pension percentage.

HB4273

Molaro

Provide for a service retirement pension for members with 10 or more years and a minimum age of 60 years.

HB4274

Molaro

Provide for all income earned to be pensionable effective 7-1-1999.

HB4275

Molaro

2.4 pension formula.

HB4276

Molaro

Automatic annual increase of 3% beginning one year following retirement.

HB4286

Saviano

Provide minimum survivor benefit payable upon death of teacher or pensioner which occurred prior to 12/31186.

HB4298

Saviano

Provide for ad-hoc lite increase for those on pension prior to 1980.

HB4299

Saviano

Restore the local property tax collection to the pension fund.

HB4300

Saviano

Additional tax levy of .1%.

HB4301

Saviano

Provide pension fund survivor benefits to domestic partners.

HB4335

Bradley

Allow 2.2 benefit for all teachers without the cost to upgrade; allow refunds of 2.2 upgrade costs to all teachers.

HB4336

Bradley

Increase the maximum number of sick days used to compute additional pension credit to 315 days.

HB4340

Bradley

Provide for all income earned to be pensionable effective 7-1-2008.

HB4341

Bradley

85% maximum rebate.

HB4342

Molaro

Increases the maximum total payments for health insurance rebate to $75 million.

B4343

Bradley

Provide a minimum pension of $18,000 per year plus the automatic annual increase to pensioners who retired with 20 or more years of  service.

HB4344

Bradley

Health insurance rebate of 75%, no cap.

SB1898

DeLeo

Provide for dependent beneficiary (parent or disabled child) eligibility for a survivor pension

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FEDERAL LEGISLATION

Support the Social Security Fairness Act of 2007 (H.R.82 and S.206) to eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO)


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