90th General Assembly Summary of HB2596    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
MCAULIFFE-SAVIANO-CAPPARELLI-BUGIELSKI-BURKE AND LOPEZ.

Short description: 
PEN CD-CHGO POL-25 YRS ANY AGE                                             

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the Pension  Code.    Allows      
   retirement  at  any  age  with  25 years of service.  Amends the State      
   Mandates  Act  to  require   implementation   without   reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE                                                         
          Estimated increase in accrued liability is $36.7 M; in annual        
          cost is $2.4 M, $0.38% of payroll. Annual cost will increase         
          commensurate with payroll.                                           
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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