Bill Status of SB 2060   97th General Assembly


Short Description:  PEN CD-CHIC POLICE-ELECT COLA

Senate Sponsors
Sen. Kwame Raoul

Last Action  View All Actions

DateChamber Action
  1/8/2013SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.1
40 ILCS 5/5-169.1 new
30 ILCS 805/8.35 new

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code. Provides that, beginning on January 1, 2012, policemen who do not receive 3% annual increases may irrevocably elect to receive annual increases at that rate by contributing an additional 1% of salary to the fund. Makes changes concerning annual increases to the monthly annuities of persons who first become policemen on or after the effective date of the amendatory Act. Deletes repetitive language concerning annual increases in survivor's annuities for new hires. Amends the State Mandates Act to require implementation without reimbursement.

Actions 
DateChamber Action
  2/10/2011SenateFiled with Secretary by Sen. Kwame Raoul
  2/10/2011SenateFirst Reading
  2/10/2011SenateReferred to Assignments
  3/2/2011SenateAssigned to Pensions and Investments
  3/10/2011SenatePostponed - Pensions and Investments
  3/17/2011SenatePostponed - Pensions and Investments
  3/18/2011SenateRule 3-9(a) / Re-referred to Assignments
  1/8/2013SenateSession Sine Die

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