Illinois General Assembly - Bill Status for HB4932
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 Bill Status of HB4932  94th General Assembly

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

House Sponsors
Rep. Kevin Joyce - Michael P. McAuliffe - Daniel J. Burke

Last Action
DateChamber Action
  1/9/2007HouseSession 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 805/8.30 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.

DateChamber Action
  1/19/2006HouseFiled with the Clerk by Rep. Kevin Joyce
  1/19/2006HouseChief Co-Sponsor Rep. Michael P. McAuliffe
  1/19/2006HouseChief Co-Sponsor Rep. Daniel J. Burke
  1/19/2006HouseFirst Reading
  1/19/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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