90th General Assembly
Status of HB0929
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MURPHY AND MOORE,EUGENE.

   40 ILCS 5/9-146.2 new                                                       
   30 ILCS 805/8.21 new                                                        

        Amends the Cook County Article of the Pension Code.  Provides for      
   a compounded 3% annual increase  in  widow's  annuities.   Amends  the      
   State  Mandates  Act  to require implementation without reimbursement.      
   Effective immediately.                                                      
          PENSION IMPACT NOTE                                                  
           Increase in accrued liabilities                        $76.5 M      
           Increase in annual cost                                 11.2 M      
           Increase in total annual cost as % of payroll            1.15%      
          PENSION IMPACT NOTE, H-AM 1                                          
          HB929, amended, would increase the Fund's accrued liability by       
          a total of $162.8 M and the Fund's annual cost by $21.8 M.           
   97-02-26  H  FIRST READING                                                  
   97-02-26  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-02-27  H       ASSIGNED TO COMMITTEE               PERS PENSION          
   97-03-21  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   97-04-09  H  ADDED AS A CO-SPONSOR                    MOORE,EUGENE          
   97-05-01  H                        PENSION NOTE FILED                       
   97-05-01  H                        PENSION NOTE FILED AS AMENDED HA 01      
   97-05-01  H                   COMMITTEE               RULES                 
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary