CAPPARELLI-MCAULIFFE-BURKE-ACEVEDO-BUGIELSKI AND SAVIANO.
PEN CD-CHGO POL-DUTY DISAB
Synopsis of Bill as introduced:
Amends the Chicago Police Article of the Pension Code to increase
the duty disability benefit to 75% of the current salary attached from
time to time to the rank held by the policeman at the time of removal
from the police department payroll. Amends the State Mandates Act to
require implementation without reimbursement. Effective immediately.
Estimated increase in accrued liability is $24.8 M; increase in
normal cost is $720,000, and payment over 40 years is $1.2 M.
Estimated first year cost is $1.9 M, 0.29% of payroll. Annual
cost will increase commensurate with payroll.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status