Bill Status of HB4887  94th General Assembly

Short Description:  PEN CD-CHGO POL-3% COMPOUNDED

House Sponsors
Rep. Michael P. McAuliffe - Kevin Joyce - Angelo Saviano - Joseph M. Lyons

Last Action
DateChamber Action
  1/9/2007HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/5-167.1from Ch. 108 1/2, par. 5-167.1
40 ILCS 5/5-167.2from Ch. 108 1/2, par. 5-167.2
30 ILCS 805/8.30 new


Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code. Compounds the automatic annual increase in retirement annuity. Also increases it to 3%, reduces the minimum age to 55, and removes the 30% maximum increase limitation for all annuitants. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 
DateChamber Action
  1/19/2006HouseFiled with the Clerk by Rep. Michael P. McAuliffe
  1/19/2006HouseFirst Reading
  1/19/2006HouseReferred to Rules Committee
  1/24/2006HouseAdded Chief Co-Sponsor Rep. Kevin Joyce
  1/24/2006HouseAdded Chief Co-Sponsor Rep. Angelo Saviano
  1/24/2006HouseAdded Chief Co-Sponsor Rep. Joseph M. Lyons
  1/9/2007HouseSession Sine Die