40 ILCS 5/5-136.2 new
30 ILCS 805/8.23 new
Amends the Chicago Police Article of the Illinois Pension Code.
Provides a compounded 3% annual increase in surviving spouse
annuities. Amends the State Mandates Act to require implementation
without reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
Estimated first year cost is $3.3 million (0.5% of payroll).
PENSION NOTE, REVISED (Pension Laws Commission)
Estimated first year cost is $6.7 million (0.91% of payroll).
99-01-27 S FIRST READING
99-01-27 S REFERRED TO SENATE RULES COMMITTEE RULES
99-01-27 S ASSIGNED TO COMMITTEE INS & PENS.
99-02-24 S POSTPONED
99-03-08 S PENSION NOTE FILED
99-03-10 S POSTPONED
99-03-10 S COMMITTEE INS & PENS.
99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES
99-09-08 S PENSION NOTE FILED REVISED
99-09-08 S COMMITTEE RULES
01-01-09 S SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary