Bill Status of HB0968  95th General Assembly

Short Description:  PEN CD-CHGO POL-INCR RETMT-80%

House Sponsors
Rep. Michael P. McAuliffe - Angelo Saviano - Kevin Joyce

Last Action
DateChamber Action
  1/13/2009HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/5-132from Ch. 108 1/2, par. 5-132
40 ILCS 5/5-148from Ch. 108 1/2, par. 5-148
30 ILCS 805/8.31 new

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code to provide an increase in the retirement benefit formula. Changes the maximum annuity from 75% to 80% of average salary. Provides for 2.5% (rather than 2%) of average salary for each year of service beyond 20. Applies to persons withdrawing from service after the effective date. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

DateChamber Action
  2/8/2007HouseFiled with the Clerk by Rep. Michael P. McAuliffe
  2/8/2007HouseFirst Reading
  2/8/2007HouseReferred to Rules Committee
  2/15/2007HouseAssigned to Personnel and Pensions Committee
  2/23/2007HouseAdded Chief Co-Sponsor Rep. Angelo Saviano
  2/23/2007HouseAdded Chief Co-Sponsor Rep. Kevin Joyce
  2/27/2007HouseRe-assigned to Executive Committee
  3/23/2007HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2009HouseSession Sine Die