Date	Chamber	Action
1/11/2011	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/5-132

from Ch. 108 1/2, par. 5-132

30 ILCS 805/8.33 new

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code. Increases the retirement formula. Bases the annuity on final salary (or salary during the last year of service, if greater), rather than on the average of the 4 highest years of service during the last 10. Increases the accrual rate from 2.5% to 5% of that salary for years in excess of 20. Increases the maximum annuity from 75% to 80% of that salary. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions 

Date	Chamber	Action
2/26/2009	House	Filed with the Clerk by Rep. Michael P. McAuliffe
2/26/2009	House	First Reading
2/26/2009	House	Referred to Rules Committee
3/3/2009	House	Assigned to Executive Committee
3/13/2009	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2011	House	Session Sine Die

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