90th General Assembly
Status of SB1818
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RADOGNO.

   40 ILCS 5/5-132           from Ch. 108 1/2, par. 5-132                      
   30 ILCS 805/8.22 new                                                        

        Amends the Chicago Police Article of the  Pension  Code  to  base      
   retirement  benefits on the highest 12 months, rather than 4 years, of      
   salary within the last 10 years of service, for persons retiring after      
   December  31,  1998.   Amends  the  State  Mandates  Act  to   require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE                                                         
          Estimated increase in accrued liability is $146.0 M; increased       
          normal cost is $4.8 M, requiring an annual payment of $6.9 M;        
          estimated 1st year cost is $11.7 M (1.79% of payroll).               
   98-02-20  S  FIRST READING                                                  
   98-02-20  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-03-13  S                        PENSION NOTE FILED                       
   98-03-13  S                   COMMITTEE               RULES                 
   99-01-12  S  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary