Bill Status of SB 2453   95th General Assembly


Short Description:  PENCD-CHIC FIRE-CITY CONTRBUTN

Senate Sponsors
Sen. Mike Jacobs

Last Action  View All Actions

DateChamber Action
  1/13/2009SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/6-161from Ch. 108 1/2, par. 6-161
30 ILCS 805/8.32 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. In provisions allowing a reduction in the amount the city would otherwise be required to contribute to the fund due to certain refunds and interest thereon, provides that no reduction shall be allowed for a fiscal year following a fiscal year in which the funded ratio of assets to liabilities is less than 70%. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/15/2008SenateFiled with Secretary by Sen. Mike Jacobs
  2/15/2008SenateFirst Reading
  2/15/2008SenateReferred to Rules
  1/13/2009SenateSession Sine Die

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