92nd General Assembly
Status of HB4232
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MCAULIFFE-CAPPARELLI-SAVIANO.

   40 ILCS 5/6-124.1 new                                                       
   30 ILCS 805/8.26 new                                                        

        Amends the Chicago Firefighter Article of  the  Illinois  Pension      
   Code.    Provides a new retirement annuity formula for persons who are      
   required to withdraw from service with at least 10 but  less  than  20      
   years of service credit due to reaching mandatory retirement age; also      
   makes  them  eligible  for  the automatic annual increase.  Amends the      
   State Mandates Act to require  implementation  without  reimbursement.      
   Effective immediately.                                                      
          PENSION NOTE (Illinois Pension Laws Commission)                      
          The fiscal impact of HB 4232 has not been determined. Accord-        
          ing to the Fund, the fiscal impact of HB 4232 is expected to         
          be minor, as the number of members who are required to retire        
          at age 63 with less than 20 years of service is small.               
   JAN-30-2002  H  FILED WITH CLERK                                               
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 CAPPARELLI            
   JAN-30-2002  H  ADDED AS A JOINT SPONSOR                 SAVIANO               
   JAN-30-2002  H  FIRST READING                                                  
   JAN-30-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   JAN-07-2003  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary