90th General Assembly Summary of HB2467    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
MAUTINO-HANNIG-BRUNSVOLD-O'BRIEN.

Short description: 
PEN CD-DNST POL-INCR MINIMUMS                                              

Synopsis of Bill as introduced:
        Amends the Downstate  Police  Article  of  the  Pension  Code  to      
   increase  the  minimum  retirement and surviving spouse annuities from      
   $400 to $1000 per month.  Amends the State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE                                                         
          Increased accrued liability at $24.6 M; total annual cost,           
          $1.2 M, 0.25% of payroll. Annual cost would increase commen-         
          surate with payroll.                                                 
 
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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