90th General Assembly
Summary of SB0335
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Senate Sponsors:

Short description: 
PEN CD-CHGO POL-SALARY                                                     

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the  Pension  Code  to  base      
   retirement  benefits on the highest 36 months, rather than 4 years, of      
   salary within the last 10 years of service, for persons retiring after      
   December  31,  1997.   Amends  the  State  Mandates  Act  to   require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE                                                         
           Increase in accrued liability                         $ 43.4 M      
           Increase in total annual cost                         $  4.9 M      
           Increase in total annual cost as % of payroll            0.79%      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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