MURPHY AND MOORE,EUGENE.
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.
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
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status