91st General Assembly
Status of HB3108
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BUGIELSKI-CAPPARELLI-BRADLEY-LOPEZ-LYONS,JOSEPH.

   40 ILCS 5/6-128           from Ch. 108 1/2, par. 6-128                      
   40 ILCS 5/6-140           from Ch. 108 1/2, par. 6-140                      
   40 ILCS 5/6-144           from Ch. 108 1/2, par. 6-144                      
   40 ILCS 5/6-151           from Ch. 108 1/2, par. 6-151                      
   30 ILCS 805/8.24 new                                                        

        Amends the Chicago Firefighter Article of  the  Pension  Code  to      
   increase  the maximum retirement annuity, duty disability benefit, and      
   duty death benefit from 75% to 80% of salary.   Also  makes  technical      
   changes.    Amends  the  State  Mandates Act to require implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          HB 3108 would increase the accrued liability of the Chicago          
          Fighters' Fund by an estimated $17.8 million. The level dollar       
          annual payment needed to amortize the estimated increase in          
          unfunded liability over 40 years is $1.5 million. The estimated      
          annual increase in normal cost is $1.0 million, or 0.38% of          
          payroll. Therefore, the estimated increase in total annual cost      
          is $2.5 million, or 0.94% of payroll.                                
   00-01-12  H  FIRST READING                                                  
   00-01-12  H  ADDED AS A JOINT SPONSOR                 CAPPARELLI            
   00-01-12  H  ADDED AS A JOINT SPONSOR                 BRADLEY               
   00-01-12  H  ADDED AS A JOINT SPONSOR                 LOPEZ                 
   00-01-12  H  ADDED AS A JOINT SPONSOR                 LYONS,JOSEPH          
   00-01-12  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   00-02-28  H                        PENSION NOTE FILED                       
   00-02-28  H                   COMMITTEE               RULES                 
   01-01-09  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary