FRITCHEY, DELGADO, COLLINS, GILES, BUGIELSKI AND MENDOZA.
PEN CD-CHGO POLICE-DISAB ETC
Synopsis of Bill as introduced:
Amends the Chicago Police Article of the Illinois Pension Code.
Provides that if the Board finds that the disability of a policeman is
of such a nature as to permanently render him or her totally disabled
for any service of a remunerative character, the duty disability
benefit shall be 75% of the current salary attached from time to time
to the rank held by the policeman at the time of removal from the
police department payroll. Removes the earnings limitation on
disability benefits. Increases the child's duty disability pension
from $30 to $100. Raises the minimum duty disability provision from
50% to 60% of current salary and makes it apply to benefits that have
been payable for 7 (rather than 10) years. Increases the child's
occupational disease disability pension from $50 to $100. Makes some
of these changes retroactive to January 1, 2000. Removes the date
restriction in a provision relating to credit for service while a
member of the General Assembly. Extends the 3% annual increase in
retirement pension to persons born in 1945, 1946, 1947, 1948, or 1949.
Amends the State Mandates Act to require implementation without
reimbursement. Effective immediately.
PENSION NOTE (Pension Laws Commission)
Based on 12/31/98 membership data, the estimated increase
in accrued liability due to HB 0266 is $141.5 million. The
increase in normal cost is estimated to be $3.1 million and
the annual payment needed to amortize the estimated increase
in accrued liability over 40 years is $7.0 million. Therefore,
the estimated lst year cost of HB 0266 is estimated to be
$10.1 million, or 1.38% of payroll.
HOUSE AMENDMENT NO. 1.
In the provisions affecting the automatic annual increase, makes
the changes retroactive to January 1, 2000 rather than January 1,
Last action on Bill: PUBLIC ACT.............................. 92-0052
Last action date: JUL-12-2001
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status