SMITH,MICHAEL-MCKEON. 40 ILCS 5/4-109.1 from Ch. 108 1/2, par. 4-109.1 30 ILCS 805/8.25 new Amends the Downstate Firefighter Article of the Illinois Pension Code. Provides for a 3% annual increase in surviving spouse pensions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) HB 516 would increase the accrued liability of the Downstate Firefighters' pension funds by $244.7 million. The resulting increase in total annual cost is estimated to be $16.7 million, or 4.57% of payroll. The increase in accrued liability and annual cost would vary by individual fund and would increase commensurate with payroll. JAN-31-2001 H FILED WITH CLERK FEB-05-2001 H FIRST READING FEB-05-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-06-2001 H ADDED AS A JOINT SPONSOR MCKEON FEB-07-2001 H ASSIGNED TO COMMITTEE PERS PENSION FEB-27-2001 H PENSION NOTE FILED FEB-27-2001 H COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary