MCAULIFFE-CAPPARELLI. 40 ILCS 5/5-168 from Ch. 108 1/2, par. 5-168 Amends the Chicago Police Article of the Illinois Pension Code to increase the multiplier used to calculate the maximum allowable pension tax, from 2.00 to 2.26. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) HB 4058 would significantly increase the annual employer contributions to the Fund. In FY 2000, the City of Chicago made employer contributions of approximately $139.4 million, using a property tax multiplier of 2.00. If a property tax multiplier of 2.26 had been in effect that year, the employer contributions generated by the tax levy would have totaled approximately $157.5 million, an increase of $18.1 million. JAN-29-2002 H FILED WITH CLERK JAN-29-2002 H ADDED AS A JOINT SPONSOR CAPPARELLI JAN-29-2002 H FIRST READING JAN-29-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-15-2002 H PENSION NOTE FILED FEB-15-2002 H COMMITTEE RULES JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary