PEN CD-DNST POL-FORMULA INCR
Synopsis of Bill as introduced:
Amends the Downstate Police Article of the Illinois Pension Code.
Increases the retirement formula from 2% to 2.5% of salary for each
year of service over 20. Raises the employee contribution rate by
0.5% of salary. Amends the State Mandates Act to require
implementation without reimbursement. Effective immediately.
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