90th General Assembly
Summary of HB0227
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House Sponsors:
CAPPARELLI-BUGIELSKI-BURKE-SANTIAGO-LOPEZ AND LYONS,JOSEPH.

Short description: 
PEN CD-CHGO FIRE-SALARY                                                    

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter Article of  the  Pension  Code  to      
   base  the  regular  retirement  annuity  on the average salary for the      
   highest 3 (rather than 4) years within the last 10 years  of  service.      
   Also  makes  technical  changes.   Amends  the  State  Mandates Act to      
   require implementation without reimbursement.  Effective immediately.       
          PENSION NOTE                                                         
           Increase in accrued liability                          $35.3 M      
           Increase in total annual cost                          $ 4.9 M      
           Increase in total annual cost as % of payroll            2.17%      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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