90th General Assembly Summary of HB0343    [ Home ]   [ Back ]   [ Legislation ]

Legislation:   Please enter a bill number.

House Sponsors:
BUGIELSKI-CAPPARELLI-LYONS,JOSEPH-SANTIAGO, LOPEZ 
   BURKE.

Short description: 
PEN CD-CHGO POL-SALARY                                                     

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the  Pension  Code  to  base      
   retirement  benefits on the highest 36 months, rather than 4 years, of      
   salary within the last 10 years of service, for persons retiring after      
   December  31,  1997.   Amends  the  State  Mandates  Act  to   require      
   implementation without reimbursement.  Effective immediately.               
          PENSION IMPACT NOTE                                                  
           Increase in accrued liability                           $43.4M      
           Increase in total annual cost                           $ 4.9M      
           Increase in total annual cost as a % of payroll          0.79%      
 
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 


 Full Text  Bill Status