92nd General Assembly
Summary of HB4146
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
House Sponsors:
CAPPARELLI-BUGIELSKI-LYONS,JOSEPH-BRADLEY-
   MCAULIFFE AND SAVIANO.

Short description: 
PEN CD-CHGO FIRE-PARAMEDICS                                                

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter and Municipal Employee Articles of      
   the Illinois Pension Code to require  the  Chicago  municipal  pension      
   fund to transfer to the Chicago  firefighter pension fund certain city      
   contributions  relating  to paramedics.  Amends the State Mandates Act      
   to   require   implementation   without   reimbursement.     Effective      
   immediately.                                                                
          PENSION NOTE (Illinois Pension Laws Commission)                      
          According to an analysis prepared by the Fund's actuary, HB4146      
          would decrease the unfunded liability of the Chicago                 
          Firefighters' Fund by an estimated $17.8 million. The $17.8          
          million matches an amount that would be transferred from the         
          Chicago Municipal Fund, based on the contributions of 380            
          paramedics who took refunds from the Chicago Municipal Fund in       
          1984, and who are currently participating in the Chicago             
          Firefighters' Fund. The unfunded liability of the Chicago Muni-      
          cipal Fund would increase by the same amount.                        
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status