PEN CD-DNST POL-INCR MINIMUMS
Synopsis of Bill as introduced:
Amends the Downstate Police Article of the Pension Code to
increase the minimum retirement and surviving spouse annuities from
$400 to $1000 per month. Amends the State Mandates Act to require
implementation without reimbursement. Effective immediately.
Increased accrued liability at $24.6 M; total annual cost,
$1.2 M, 0.25% of payroll. Annual cost would increase commen-
surate with payroll.
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