MCAULIFFE-SAVIANO-CAPPARELLI-BUGIELSKI-BURKE AND LOPEZ.
PEN CD-CHGO POL-25 YRS ANY AGE
Synopsis of Bill as introduced:
Amends the Chicago Police Article of the Pension Code. Allows
retirement at any age with 25 years of service. Amends the State
Mandates Act to require implementation without reimbursement.
Estimated increase in accrued liability is $36.7 M; in annual
cost is $2.4 M, $0.38% of payroll. Annual cost will increase
commensurate 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