90th General Assembly
Summary of HB0929
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House Sponsors:

Short description: 
PEN CD-COOK CO-WIDOW 3% INCR                                               

Synopsis of Bill as introduced:
        Amends the Cook County Article of the Pension Code.  Provides for      
   a compounded 3% annual increase  in  widow's  annuities.   Amends  the      
   State  Mandates  Act  to require implementation without reimbursement.      
   Effective immediately.                                                      
          PENSION IMPACT NOTE                                                  
           Increase in accrued liabilities                        $76.5 M      
           Increase in annual cost                                 11.2 M      
           Increase in total annual cost as % of payroll            1.15%      
          PENSION IMPACT NOTE, H-AM 1                                          
          HB929, amended, would increase the Fund's accrued liability by       
          a total of $162.8 M and the Fund's annual cost by $21.8 M.           
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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