91st General Assembly
Summary of HB0365
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House Sponsors:
CAPPARELLI-BURKE-BUGIELSKI-LYONS,JOSEPH-LOPEZ, ACEVEDO AND BRADLEY.

Short description: 
PEN CD-CHGO FIRE-SALARY                                                    

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter Article of the Illinois Pension         
   Code. Changes the definition of salary to include duty availability         
   pay. Allows certain persons to have their salary for pension purposes       
   retroactively  adjusted  to  include  duty availability pay previously      
   received, upon payment of the  corresponding  employee  contributions,      
   without   interest.     Amends  the  State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          Increase in accrued liability                     $10.8 million      
          Level dollar annual amortization payment          $ 0.9 million      
          Increase in total annual cost (1.44% of payroll)  $ 3.4 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 



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