Bill Status of SB 1198   95th General Assembly

Short Description:  PEN CD-CHGO POL-INCR RETMT-80%

Senate Sponsors
Sen. James A. DeLeo

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/5-132from Ch. 108 1/2, par. 5-132
40 ILCS 5/5-148from Ch. 108 1/2, par. 5-148
30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code to provide an increase in the retirement benefit formula. Changes the maximum annuity from 75% to 80% of average salary. Provides for 2.5% (rather than 2%) of average salary for each year of service beyond 20. Applies to persons withdrawing from service after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  2/8/2007SenateFiled with Secretary by Sen. James A. DeLeo
  2/8/2007SenateFirst Reading
  2/8/2007SenateReferred to Rules
  2/21/2007SenateAssigned to Pensions and Investments
  3/16/2007SenateRule 3-9(a) / Re-referred to Rules
  1/13/2009SenateSession Sine Die

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