91st General Assembly
Summary of HB0367
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House Sponsors:
BUGIELSKI-CAPPARELLI-LYONS,JOSEPH-BRADLEY-ACEVEDO AND BURKE.

Short description: 
PEN CD-CHGO FIRE-80% MAXIMUM                                               

Synopsis of Bill as introduced:
        Amends the Chicago Firefighter Article of the Illinois 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)                               
          Increase in accrued liability                     $11.2 million      
          Level dollar annual amortization payment          $ 0.9 million      
          Increase in total annual cost (0.93% of payroll)  $ 2.2 million      
 
Last action on Bill: SESSION SINE DIE

   Last action date: 01-01-09

           Location: House

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


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