91st General Assembly
Summary of SB0059
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Senate Sponsors:
RADOGNO.

Short description: 
PEN CD-CHGO POL-WIDOW INCREASE                                             

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the Illinois  Pension  Code.      
   Provides   a   compounded  3%  annual  increase  in  surviving  spouse      
   annuities. Amends the State Mandates  Act  to  require  implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          Estimated first year cost is $3.3 million (0.5% of payroll).         
          PENSION NOTE, REVISED (Pension Laws Commission)                      
          Estimated first year cost is $6.7 million (0.91% of payroll).        
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: Senate

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


   END OF INQUIRY 



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