90th General Assembly
Summary of SB1816
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Senate Sponsors:
RADOGNO-DELEO.

Short description: 
PEN CD-CHGO POL-3% COMPOUNDED                                              

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the Pension Code.  Compounds      
   the automatic annual increase in retirement annuity, increases  it  to      
   3%   for   all  annuitants,  and  removes  the  30%  maximum  increase      
   limitation.  Amends the State Mandates Act to  require  implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB 1816 has not yet been 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


   END OF INQUIRY 



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