summary
Introduced
02/06/2025
02/06/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides that in July 2025, the monthly pension of a firefighter who retired between July 1, 1977 and January 1, 1986 shall be recalculated and increased to reflect the amount that the firefighter would have received in July 2025 had the firefighter been receiving a 3% compounded increase for each year he or she received pension payments after his or her retirement date. Provides that in each January thereafter, he or she shall receive an additional increase of 3% of the amount of the pension then being paid. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
AI Summary
This bill amends the Illinois Pension Code to provide a specific pension increase for firefighters who retired between July 1, 1977, and January 1, 1986. In July 2025, the monthly pension for these firefighters will be recalculated to reflect what they would have received if they had been getting a 3% compounded increase each year since their retirement. Starting in January 2026, these firefighters will then receive an additional 3% increase annually on their pension amount. The bill also includes a provision in the State Mandates Act that exempts the state from having to reimburse local governments for implementing this pension adjustment. This change aims to provide retroactive financial relief to a specific group of retired firefighters by adjusting their pension calculations to better reflect cumulative cost-of-living increases over time. The bill applies to these pension adjustments regardless of whether the firefighter is still in service, and it becomes effective immediately upon passage.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3059&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| BillText | https://www.ilga.gov/legislation/104/HB/10400HB3059.htm |
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