Date | Chamber | Action |
1/11/2005 | House | Session Sine Die |
40 ILCS 5/6-128 | from Ch. 108 1/2, par. 6-128 |
30 ILCS 805/8.27 new |
Pension Note (Pension Laws Commission) | |
According to an analysis prepared by the Fund's actuary (based on the December 31, 2002 actuarial valuation), HB 396 would increase the accrued liability of the Chicago Firefighters' Fund by an estimated $17.5 million. The level dollar annual payment needed to amortize the estimated increase in unfunded liability over 40 years is $1.5 million. The estimated annual increase in normal cost is $0.7 million, or $0.26% of payroll. Therefore, the estimated increase in total annual cost is $2.2 million, or 0.78% of payroll. As annual normal cost increases (as a dollar amount), the total annual cost will also increase. |
Date | Chamber | Action | 1/29/2003 | House | Filed with the Clerk by Rep. Joseph M. Lyons | 1/29/2003 | House | Chief Co-Sponsor Rep. Robert S. Molaro | 1/29/2003 | House | Chief Co-Sponsor Rep. Daniel J. Burke | 1/29/2003 | House | Chief Co-Sponsor Rep. Richard T. Bradley | 1/29/2003 | House | Co-Sponsor Rep. Edward J. Acevedo | 1/29/2003 | House | Co-Sponsor Rep. Maria Antonia Berrios | 1/29/2003 | House | Co-Sponsor Rep. John A. Fritchey | 1/29/2003 | House | Co-Sponsor Rep. Kevin Joyce | 1/29/2003 | House | Co-Sponsor Rep. Susana Mendoza | 1/29/2003 | House | Co-Sponsor Rep. Angelo Saviano | 1/29/2003 | House | First Reading | 1/29/2003 | House | Referred to Rules Committee | 2/4/2003 | House | Assigned to Executive Committee | 2/5/2003 | House | Added Co-Sponsor Rep. Lou Lang | 2/5/2003 | House | Added Co-Sponsor Rep. Robert Rita | 3/13/2003 | House | Rule 19(a) / Re-referred to Rules Committee | 5/19/2003 | House | Pension Note Filed | 1/11/2005 | House | Session Sine Die |