House Sponsors: LOPEZ-BUGIELSKI-CAPPARELLI-BURKE-MCAULIFFE, SAVIANO AND ACEVEDO. Short description: PEN CD-CHGO FIRE-SALARY Synopsis of Bill as introduced: Amends the Chicago Firefighter Article of the 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) HB 3170 would increase the accrued liability of the Chicago Firefighters' Fund by an estimated $10.2 million. The level dollar annual payment needed to amortize the estimated increase in unfunded liability over 40 years is $0.9 million. The esti- mated annual increase in normal cost is $2.3 million, or 0.87% of payroll. Therefore, the estimated increase in total annual cost is $3.2 million, or 1.22% of payroll. Although there will be a fiscal impact in allowing certain members to make contributions for past duty availability pay and have their annuity recalculated, this impact has not been deter- mined. 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