92nd General Assembly
Summary of HB0194
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House Sponsors:
SMITH,MICHAEL-BOST-MCGUIRE-MOFFITT-BOLAND, KLINGLER AND O'BRIEN.

Short description: 
PEN CD-DNST FIRE-KIDS 3% INCR                                              

Synopsis of Bill as introduced:
        Amends the Downstate Firefighter Article of the Illinois  Pension      
   Code.    Provides  for  a  3% annual increase in pensions to surviving      
   children.  Amends the State Mandates  Act  to  require  implementation      
   without reimbursement.  Effective immediately.                              
          PENSION NOTE (Pension Laws Commission)                               
          Based on membership data for all Downstate Firefighters'             
          pension funds provided by the Department of Insurance, the           
          Commission's actuary estimates that HB194 would increase the         
          accrued liability of the funds by $1.2 million. The estimated        
          increase in total annual costs is 0.05% of payroll, or               
          $170,000. The annual cost would increase commensurate with           
          payroll.                                                             
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



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