90th General Assembly
Status of SB1817
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RADOGNO.

   40 ILCS 5/5-132           from Ch. 108 1/2, par. 5-132                      
   40 ILCS 5/5-148           from Ch. 108 1/2, par. 5-148                      
   30 ILCS 805/8.22 new                                                        

        Amends the Chicago Police Article of the Pension Code to  provide      
   an  increase  in  the retirement benefit formula.  Changes the maximum      
   annuity from 75% to 80% of average salary.  Provides for 2.5%  (rather      
   than  2%)  of  average  salary  for  each  year  of service beyond 20.      
   Applies to persons withdrawing from service after December  31,  1998.      
   Amends  the  State  Mandates  Act  to  require  implementation without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE                                                         
          Estimated first year cost is $9.8 million, or 1.46% of payroll.      
   98-02-20  S  FIRST READING                                                  
   98-02-20  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-05-11  S                        PENSION NOTE FILED AS INTRODUCED         
   98-05-11  S                   COMMITTEE               RULES                 
   99-01-12  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary