91st General Assembly
Summary of HB3377
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House Sponsors:
CAPPARELLI-LYONS,JOSEPH-BURKE-ACEVEDO, BUGIELSKI, 
   BRADLEY AND MCKEON.

Short description: 
PEN CD-CHGO POL-BRASS SALARY                                               

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the Pension  Code  to  limit      
   the  salary  for  pension  purposes  of  persons  first  appointed  to      
   non-civil  service  positions  after  December 31, 2000 to the highest      
   civil service captain's salary.  Effective immediately.                     
          PENSION NOTE (Pension Laws Commission)                               
          The estimated decrease in accrued liability due to HB 3377 is        
          $7.0 million. The decrease in normal cost is estimated to be         
          $0.2 million and decrease in the annual payment due to the           
          estimated reduction in accrued liability is $0.3 million. The        
          estimated reduction in annual cost in the first year due to          
          HB 3377 is $0.5 million, or 0.07% of payroll.                        
 
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