House Sponsors: BURKE. Short description: PEN CD-CHGO FIRE-SALARY Synopsis of Bill as introduced: Amends the Chicago Firefighter Article of the Pension Code. Changes the definition of salary to include the full amount of ambulance commander and EMT compensation. Allows certain persons to have their salary for pension purposes retroactively adjusted to include the full amount of ambulance commander compensation previously received, upon payment of the corresponding employee contributions, without interest. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 3125 would increase the accrued liability of the Chicago Firefighters' Fund by an estimated $2.5 million. The level dollar annual payment needed to amortize the estimated increase in unfunded liability over 40 years is $206,000. The estimated annual increase in normal cost is $186,000, or 0.01% of pay- roll. Therefore, the estimated increase in total annual cost is $392,000, or 0.02% of payroll. The fiscal impact of allowing certain members to make contributions for past ambulance com- mander compensation and have their annuity recalculated is estimated to be minor. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status