90th General Assembly
Status of SB1821
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 Full Text  Bill Summary
RADOGNO-DELEO.

   40 ILCS 5/5-136.2 new                                                       
   30 ILCS 805/8.22 new                                                        

        Amends the Chicago Police Article of the Illinois  Pension  Code.      
   Provides   a   compounded  3%  annual  increase  in  surviving  spouse      
   annuities. Amends the State Mandates  Act  to  require  implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE                                                         
          Estimated increase in accrued liability for non-compounded           
          annual increases is $68.5 M, with first year costs at $3.3 M         
          (0.5% of payroll). Compounded annual increases would cost            
          considerably more.                                                   
   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                 
   98-10-21  S  ADDED AS A CHIEF CO-SPONSOR              DELEO                 
   99-01-12  S  SESSION SINE DIE                                               

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 Full Text  Bill Summary