LYONS,JOSEPH-BUGIELSKI-CAPPARELLI-MCAULIFFE-ACEVEDO AND LANG. 40 ILCS 5/5-114 from Ch. 108 1/2, par. 5-114 30 ILCS 805/8.26 new Amends the Chicago Police Article of the Illinois Pension Code to allow overtime pay to be included in the calculation of salary for pension purposes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 4063 has not been calculated, but could be significant. Additional employer contributions would be required, as employer contributions to the Chicago Police Pension Fund are based on employee contributions from two years prior. HB 4063 increases employee contributions beginning January 1, 2003. JAN-29-2002 H FILED WITH CLERK JAN-29-2002 H ADDED AS A JOINT SPONSOR BUGIELSKI JAN-29-2002 H ADDED AS A JOINT SPONSOR CAPPARELLI JAN-29-2002 H ADDED AS A JOINT SPONSOR MCAULIFFE JAN-29-2002 H ADDED AS A JOINT SPONSOR ACEVEDO JAN-29-2002 H FIRST READING JAN-29-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-15-2002 H ADDED AS A CO-SPONSOR LANG 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