Illinois HB3059 amends the Illinois Pension Code to adjust pension increases for firefighters.
HB3059 modifies pension increases for firefighters in Illinois. It adjusts the pension increases for firefighters who retired between July 1, 1977, and January 1, 1986, to reflect a 3% compounded increase. It also increases the pension for firefighters who retired after January 1, 1986, by 3% annually. The bill exempts these changes from state reimbursement requirements and applies retroactively to firefighters who were in service before the bill's effective date.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.