Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/5-168

from Ch. 108 1/2, par. 5-168

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code to increase the multiplier used to calculate the maximum allowable pension tax, from 2.00 to 2.26. Effective immediately.

Pension Note (Pension Laws Commission)

SB 910 would significantly increase the annual employer contributions to the Fund. In FY 2000, the City of Chicago made employer contributions of approximately $139.4 million, using a property tax multiplier of 2.00. If a property tax multiplier of 2.26 had been in effect that year, the employer contributions generated by the tax levy would have totaled approximately $157.5 million, an increase of $18.1 million.

	Fiscal Note (Dept of Commerce and Community Affairs)
	No fiscal impact on DCCA. The extent of fiscal impact on local governments cannot be determined.

Actions 

Date	Chamber	Action
2/19/2003	Senate	Filed with Secretary by Sen. James A. DeLeo
2/19/2003	Senate	First Reading
2/19/2003	Senate	Referred to Rules
2/26/2003	Senate	Assigned to Insurance & Pensions
2/28/2003	Senate	Pension Note Filed As Introduced
3/5/2003	Senate	To Subcommittee
3/12/2003	Senate	Added as Chief Co-Sponsor Sen. Denny Jacobs
3/13/2003	Senate	Do Pass Insurance & Pensions; 006-004-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/18/2003	Senate	Fiscal Note Requested by Sen. Bill Brady
3/25/2003	Senate	Fiscal Note Filed
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/11/2005	Senate	Session Sine Die

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