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<xml>
<title>Illinois General Assembly - Bill Status for HB 5343         </title>
<shortdesc>PENCD-SERS-TIER 2 STATE POLICE</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Frances Ann Hurley-Elizabeth Hernandez and Katie Stuart</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/1-160</reference><aliasreference></aliasreference><reference>40 ILCS 5/14-152.1</reference><aliasreference></aliasreference><SynopsisText>     Amends the Illinois Pension Code. Provides that a State policeman under the Tier 2 provisions is entitled to an annuity calculated under the alternative retirement formula, in lieu of the regular or minimum retirement annuity, only if the person has withdrawn from service with not less than 20 years of eligible creditable service and has attained age 55 (instead of age 60), regardless of whether the attainment of age 55 (instead of age 60) occurs while the person is still in service. Provides that any benefit increase that results from the amendatory Act is excluded from the definition of "new benefit increase". Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/28/2022</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Frances Ann Hurley</action>
<statusdate>1/31/2022</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/31/2022</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/1/2022</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Katie Stuart</action>
<statusdate>3/1/2022</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Elizabeth Hernandez</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

