PEN CD-DNST POL-RETIREMENT AGE
Synopsis of Bill as introduced:
Amends the Downstate Police Article of the Pension Code. Lowers
the minimum retirement age from 60 to 55 for certain persons who
retire with more than 8 but fewer than 20 years of service. Amends
the State Mandates Act to require implementation without
reimbursement. Effective immediately.
The increase in total annual cost is estimated to be $2.3
million, or 0.47% of 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