RADOGNO. 40 ILCS 5/5-154 from Ch. 108 1/2, par. 5-154 30 ILCS 805/8.26 new Amends the Chicago Police Article of the Illinois Pension Code. Increases the duty disability benefit to 75% of the current salary attached from time to time to the rank held by the policeman at the time of removal from the police department payroll, for certain disabled officers not yet receiving that formula; makes this increase retroactive to January 1, 2002. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Based on 12/31/98 membership data, the estimated increase in accrued liability due to SB 1601 is $141.5 million. The increase in normal cost is estimated to be $3.1 million and the annual payment needed to amortize the estimated increase in the accrued liability over 40 years is $7.0 million. There- fore, the estimated 1st year cost of SB 1601 is $10.1 million, or 1.38% of payroll. JAN-29-2002 S FIRST READING JAN-29-2002 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-15-2002 S PENSION NOTE FILED AS INTRODUCED FEB-15-2002 S COMMITTEE RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary