CAPPARELLI-BURKE-BUGIELSKI-LYONS,JOSEPH-MCAULIFFE, BRADLEY AND SAVIANO. 40 ILCS 5/6-106.2 new 40 ILCS 5/6-127.1 new 40 ILCS 5/6-128 from Ch. 108 1/2, par. 6-128 40 ILCS 5/6-164 from Ch. 108 1/2, par. 6-164 30 ILCS 805/8.25 new Amends the Chicago Firefighter Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a fireman who is at least age 50 with 20 years of service may continue in active service for up to 3 years while having his or her retirement annuity paid into a special account, to be distributed to the fireman upon retirement. Bases the retirement annuity on the fireman's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION IMPACT NOTE (Illinois Pension Laws Commission) There may be a fiscal impact associated with the DROP plan contained in HB 1873, but it has not been determined. FEB-16-2001 H FILED WITH CLERK FEB-16-2001 H ADDED AS A JOINT SPONSOR BURKE FEB-16-2001 H ADDED AS A JOINT SPONSOR BUGIELSKI FEB-16-2001 H ADDED AS A JOINT SPONSOR LYONS,JOSEPH FEB-16-2001 H ADDED AS A JOINT SPONSOR MCAULIFFE FEB-16-2001 H ADDED AS A CO-SPONSOR ACEVEDO FEB-16-2001 H ADDED AS A CO-SPONSOR BRADLEY FEB-16-2001 H ADDED AS A CO-SPONSOR SAVIANO FEB-16-2001 H FIRST READING FEB-16-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-21-2001 H ASSIGNED TO COMMITTEE PERS PENSION MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL NOV-06-2001 H PENSION NOTE FILED NOV-06-2001 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary