90th General Assembly
Summary of SB0752
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Senate Sponsors:

Short description: 
PEN CD-DNST FIRE-ANNUAL INCR                                               

Synopsis of Bill as introduced:
        Amends the Downstate Firefighter Article of the Illinois  Pension      
   Code  to provide a compounded 3% annual increase in certain disability      
   and survivor pensions.  Increases the  minimum  retirement,  survivor,      
   and  disability  pensions.    Amends the State Mandates Act to require      
   implementation without reimbursement.  Effective immediately.               
          PENSION IMPACT NOTE                                                  
          A. Compounded annual increase: disability/survivors annuities        
           Increase in unfunded liability                        $111.5 M      
           Increase in total annual cost                         $ 13.1 M      
           Increase in total annual cost as % of payroll            4.84%      
          B. Minimum pension/equal benefit provisions: to be determined.       
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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