NOVAK. 40 ILCS 5/15-136 from Ch. 108 1/2, par. 15-136 40 ILCS 5/15-157 from Ch. 108 1/2, par. 15-157 Amends the State Universities Article of the Illinois Pension Code. Increases the retirement formula for a participant who has 20 or more years of service as a police officer or firefighter. Also increases the employee contributions for participants who are police officers or firefighters by a total of 3% of earnings, in 3 annual increments. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 4931 has not been calculated but is expected to be minor, as approximately 500 people would be affected. FEB-05-2002 H FILED WITH CLERK FEB-05-2002 H FIRST READING FEB-05-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-15-2002 H PENSION NOTE FILED FEB-15-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary