Illinois General Assembly - Bill Status for HB0403
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 Bill Status of HB0403  93rd General Assembly

Short Description:  PEN CD-CHGO FIRE-DROP PLAN

House Sponsors
Rep. Robert S. Molaro - Daniel J. Burke - Ralph C. Capparelli - Joseph M. Lyons - Edward J. Acevedo, Maria Antonia Berrios, John A. Fritchey, Michael P. McAuliffe, Angelo Saviano, Lou Lang and Robert Rita

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/6-106.2 new
40 ILCS 5/6-127.1 new
40 ILCS 5/6-128from Ch. 108 1/2, par. 6-128
40 ILCS 5/6-164from Ch. 108 1/2, par. 6-164
30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Pension Code. Provides for a Deferred Retirement Option Plan, under which a fireman who is at least age 50 with 20 years of service may continue in active service for up to 3 years while having his or her retirement annuity paid into a special account, to be distributed to the fireman upon retirement. Bases the retirement annuity on the fireman's service and salary at the time of joining the DROP plan. Requires termination of service at the end of the DROP plan participation period. Effective immediately.

DateChamber Action
  1/29/2003HouseFiled with the Clerk by Rep. Robert S. Molaro
  1/29/2003HouseChief Co-Sponsor Rep. Daniel J. Burke
  1/29/2003HouseChief Co-Sponsor Rep. Ralph C. Capparelli
  1/29/2003HouseChief Co-Sponsor Rep. Joseph M. Lyons
  1/29/2003HouseChief Co-Sponsor Rep. Edward J. Acevedo
  1/29/2003HouseCo-Sponsor Rep. Maria Antonia Berrios
  1/29/2003HouseCo-Sponsor Rep. John A. Fritchey
  1/29/2003HouseCo-Sponsor Rep. Michael P. McAuliffe
  1/29/2003HouseCo-Sponsor Rep. Angelo Saviano
  1/29/2003HouseFirst Reading
  1/29/2003HouseReferred to Rules Committee
  2/4/2003HouseAssigned to Executive Committee
  2/6/2003HouseAdded Co-Sponsor Rep. Lou Lang
  2/6/2003HouseAdded Co-Sponsor Rep. Robert Rita
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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