Synopsis As Introduced Amends the Chicago Police Article of the Illinois Pension Code. Provides that retiree members of the city health care plans shall pay no higher premium, and shall receive no lower level of benefits, than the active employee members with the same Medicare status. Pre-empts home rule. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.
Pension Note (Commission on Gov't Forecasting and Accountability)
Senate Bill 371 would not increase the current required retiree health insurance subsidy to the City of Chicago. It would increase the annual costs of the city health care plan.