RADOGNO. 40 ILCS 5/5-114 from Ch. 108 1/2, par. 5-114 Amends the Chicago Police Article of the Illinois Pension Code to limit the salary for pension purposes of persons first appointed to non-civil service positions after December 31, 2001 to the highest civil service captain's salary. Effective immediately. PENSION NOTE (Pension Laws Commission) According to an analysis prepared by the Fund's actuary (based on 12/31/98 membership data), the estimated decrease in accrued liability due to SB 343 is $7.0 million. The decrease in nor- mal cost is estimated to be $0.2 million and decrease in the annual payment due to the estimated reduction in accrued li- ability is $0.3 million. Therefore, the estimated reduction in annual cost in the 1st year due to SB 343 is $0.5 million, or 0.07% of payroll. As payroll grows, the annual savings will in- crease commensurate with payroll. FEB-20-2001 S FIRST READING FEB-20-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-21-2001 S ASSIGNED TO COMMITTEE INS & PENS. MAR-06-2001 S TO SUBCOMMITTEE MAR-30-2001 S PENSION NOTE FILED AS INTRODUCED MAR-31-2001 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary