MADIGAN,MJ-DANIELS-CAPPARELLI-DAVIS,MONIQUE-ACEVEDO, MENDOZA, DELGADO, LYONS,JOSEPH, COLLINS, GILES, BUGIELSKI AND SOTO. (MADIGAN,R-PHILIP-ROSKAM-MOLARO-LIGHTFORD) 40 ILCS 5/6-140 from Ch. 108 1/2, par. 6-140 30 ILCS 805/8.25 new Amends the Chicago Firefighter Article of the Illinois Pension Code. Removes a provision that decreases the duty death annuity on the date when the deceased fireman would have reached mandatory retirement age; makes the resulting increase retroactive to January 1, 2001. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Based on the December 31, 1999 actuarial valuation, HB 254 would increase the accrued liability of the Fund by an esti- mated $18.3 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 $0.2 million (0.08% of payroll). Therefore, the esti- mated increase in total annual cost is $2.7 million, or 0.63% of payroll. JAN-19-2001 H FILED WITH CLERK JAN-23-2001 H ADDED AS A JOINT SPONSOR DANIELS JAN-30-2001 H FIRST READING JAN-30-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES JAN-30-2001 H PENSION NOTE FILED JAN-30-2001 H COMMITTEE RULES JAN-31-2001 H ASSIGNED TO COMMITTEE PERS PENSION FEB-06-2001 H AMENDMENT NO. 01-PERS PENSION H FEB-06-2001 H LOST 005-006-000 FEB-06-2001 H DO PASS/SHORT DEBATE 011-000-000 HPPN FEB-06-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE FEB-06-2001 H SECOND READING-SHORT DEBATE FEB-06-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE FEB-07-2001 H THIRD READING/SHORT DEBATE/PASSED 117-000-000 FEB-07-2001 H ADDED AS A CO-SPONSOR FRITCHEY FEB-07-2001 H ADDED AS A CO-SPONSOR MENDOZA FEB-07-2001 H ADDED AS A CO-SPONSOR DELGADO FEB-07-2001 H ADDED AS A CO-SPONSOR LYONS,JOSEPH FEB-07-2001 H ADDED AS A CO-SPONSOR COLLINS FEB-07-2001 H ADDED AS A CO-SPONSOR GILES FEB-07-2001 H ADDED AS A CO-SPONSOR BUGIELSKI FEB-08-2001 H ADDED AS A JOINT SPONSOR CAPPARELLI FEB-08-2001 H ADDED AS A JOINT SPONSOR DAVIS,MONIQUE FEB-08-2001 H ADDED AS A JOINT SPONSOR ACEVEDO FEB-08-2001 H ADDED AS A CO-SPONSOR SOTO FEB-20-2001 S ARRIVE IN SENATE FEB-20-2001 S PLACED CALENDAR ORDER OF FIRST READING 01-02-21 MAR-22-2001 S CHIEF SPONSOR MADIGAN,R MAR-22-2001 S FIRST READING MAR-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES MAR-27-2001 S ADDED AS A CHIEF CO-SPONSOR PHILIP APR-05-2001 S ADDED AS A CHIEF CO-SPONSOR ROSKAM APR-06-2001 S ASSIGNED TO COMMITTEE INS & PENS. APR-24-2001 S ADDED AS A CHIEF CO-SPONSOR MOLARO APR-24-2001 S ADDED AS A CHIEF CO-SPONSOR LIGHTFORD MAY-08-2001 S DO PASS 009-000-000 SINS MAY-08-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-05-09 MAY-16-2001 S SECOND READING MAY-16-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-05-17 MAY-17-2001 S ADDED AS A CO-SPONSOR O'MALLEY MAY-17-2001 S ADDED AS A CO-SPONSOR JACOBS MAY-17-2001 S ADDED AS A CO-SPONSOR SMITH MAY-17-2001 S ADDED AS A CO-SPONSOR MUNOZ MAY-17-2001 S ADDED AS A CO-SPONSOR DEL VALLE MAY-17-2001 S ADDED AS A CO-SPONSOR TROTTER MAY-17-2001 S ADDED AS A CO-SPONSOR OBAMA MAY-17-2001 S ADDED AS A CO-SPONSOR SHAW MAY-17-2001 S THIRD READING - PASSED 056-000-000 MAY-17-2001 H PASSED BOTH HOUSES JUN-14-2001 H SENT TO THE GOVERNOR JUL-12-2001 H GOVERNOR APPROVED JUL-12-2001 H EFFECTIVE DATE 01-07-12 JUL-12-2001 H PUBLIC ACT.............................. 92-0050 END OF INQUIRY Full Text Bill Summary