House Sponsors: NOVAK. Short description: PEN CD-DNST POLIC-BENEFIT INCR Synopsis of Bill as introduced: Amends the Downstate Police Article of the Pension Code. Requires that one-third of the employee contribution, along with 20% of the fund's annual net investment earnings, be placed into a health insurance reserve. Requires the board to pay to the municipality from this reserve $150 per month for each pensioner who participates in a group health benefit plan provided by the municipality without medicare eligibility, and $75 per month for each pensioner who participates in a group health benefit plan provided by the municipality with medicare eligibility. Increases the minimum retirement and surviving spouse pensions from $400 to $600 per month. Requires that persons be reinstated when no longer disabled. Authorizes the board to require medical examinations of disabled persons over the age of 50. Grants paid time off for time spent in board meetings for active participant members of the board. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE Increased liability of $773.1 M; increased total annual cost of $108.1 M, 22.2% of payroll. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status