91st General Assembly
Summary of HB0364
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
House Sponsors:
BURKE-CAPPARELLI-BUGIELSKI-MCAULIFFE-LYONS,JOSEPH, LOPEZ AND BRADLEY.

Short description: 
PEN CD-CHGO FIRE-AVE SALARY                                                

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter Article of the Illinois Pension         
   Code to base retirement benefits on the highest 36 months, rather than      
   4 years, of salary within the last 10 years of service, for persons         
   retiring  on  or after January 1, 2000.  Amends the State Mandates Act      
   to   require   implementation   without   reimbursement.     Effective      
   immediately.                                                                
          PENSION NOTE (Pension Laws Commission)                               
          Increase in accrued liability                     $11.5 million      
          Level dollar annual amortization payment          $ 0.9 million      
          Increase in total annual cost (0.56% of payroll)  $ 1.3 million      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status