CAPPARELLI-LYONS,JOSEPH-BURKE-ACEVEDO, BUGIELSKI, BRADLEY AND MCKEON. 40 ILCS 5/5-168 from Ch. 108 1/2, par. 5-168 Amends the Chicago Police Article of the 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) HB 3371 would significantly increase the annual employer contributions to the Fund. Employer contributions in FY 1998, from a tax multiplier of 2.00, totaled $118.2 million. A tax multiplier of 2.26 would increase that amount to approximately $133.6 million. 00-01-20 H FILED WITH CLERK 00-01-20 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH 00-01-20 H ADDED AS A JOINT SPONSOR BURKE 00-01-20 H ADDED AS A JOINT SPONSOR ACEVEDO 00-01-20 H ADDED AS A CO-SPONSOR BUGIELSKI 00-01-20 H ADDED AS A CO-SPONSOR MCAULIFFE 00-01-20 H ADDED AS A CO-SPONSOR BRADLEY 00-01-20 H FIRST READING 00-01-20 H REFERRED TO HOUSE RULES COMMITTEE RULES 00-01-25 H PENSION NOTE FILED 00-01-25 H COMMITTEE RULES 00-01-26 H ADDED AS A CO-SPONSOR MCKEON 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary