BUGIELSKI-BURKE-CAPPARELLI. 40 ILCS 5/5-168 from Ch. 108 1/2, par. 5-168 Amends the Chicago Police Article of the Illinois Pension Code to increase the multiplier used to calculate the maximum allowable pension tax, from 2.00 to 2.26. Effective immediately. PENSION NOTE (Pension Laws Commission) HB1898 would significantly increase the annual employer contri- butions to the Fund. In FY 1999, the City of Chicago made em- ployer contributions of approximately $125.1 million, using a property tax multiplier of 2.00. If a property tax multiplier of 2.26 had been in effect that year, the employer contribu- tions generated by the tax levy would have totaled approximat- ely $141.4 million. FEB-16-2001 H FILED WITH CLERK FEB-16-2001 H ADDED AS A JOINT SPONSOR BURKE FEB-16-2001 H ADDED AS A JOINT SPONSOR CAPPARELLI FEB-16-2001 H FIRST READING FEB-16-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-21-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL MAR-30-2001 H PENSION NOTE FILED MAR-30-2001 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary