90th General Assembly
Status of HB3098
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MAUTINO.

   40 ILCS 5/3-111           from Ch. 108 1/2, par. 3-111                      
   40 ILCS 5/3-111.1         from Ch. 108 1/2, par. 3-111.1                    
   40 ILCS 5/3-112.1 new                                                       
   30 ILCS 805/8.22 new                                                        

        Amends the Downstate  Police  Article  of  the  Pension  Code  to      
   provide  a  noncompounded  3%  annual  increase  in survivor pensions.      
   Bases the calculation of retirement pensions and the initial automatic      
   annual increase in retirement pension on the number of months  (rather      
   than  full years) of creditable service; makes the resulting increases      
   apply to currently payable pensions beginning January 1, 1999.  Amends      
   the   State   Mandates   Act   to   require   implementation   without      
   reimbursement.  Effective immediately.                                      
          PENSION NOTE                                                         
          Estimated increase in accrued liability, $184.7 M; in total          
          annual cost, $13.0 M (3.49% of payroll).                             
   98-02-09  H  FILED WITH CLERK                                               
   98-02-10  H  FIRST READING                                                  
   98-02-10  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   98-04-24  H                        PENSION NOTE FILED                       
   98-04-24  H                   COMMITTEE               RULES                 
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary