House Sponsors: SMITH,MICHAEL-MCKEON. Short description: PENCD-DNST FIRE-SPOUSE 3% INCR Synopsis of Bill as introduced: Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides for a 3% annual increase in surviving spouse pensions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 516 would increase the accrued liability of the Downstate Firefighters' pension funds by $244.7 million. The resulting increase in total annual cost is estimated to be $16.7 million, or 4.57% of payroll. The increase in accrued liability and annual cost would vary by individual fund and would increase commensurate with payroll. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status