90th General Assembly Summary of HB2833    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
CAPPARELLI.

Short description: 
PEN CD-CHGO FIRE-PARAMEDICS                                                

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter and Municipal Employee Articles of      
   the Pension Code to require the  Chicago  municipal  pension  fund  to      
   transfer   to  the  Chicago  firefighter  pension  fund  certain  city      
   contributions relating to paramedics.  Amends the State  Mandates  Act      
   to   require   implementation   without   reimbursement.     Effective      
   immediately.                                                                
          PENSION NOTE                                                         
          HB 2833 would decrease the accrued liability of the Chicago          
          Firefighters' Fund by an estimated $14.3 million. The $14.3          
          million would be transferred from the Chicago Municipal Fund,        
          based on the contributions of 380 paramedics who took refunds        
          from the Chicago Municipal Fund in 1984, and who are currently       
          participating in the Chicago Firefighters' Fund. The accrued         
          liability of the Chicago Municipal Fund would increase by the        
          same amount.                                                         
 
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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