House Sponsors: LYONS,JOSEPH-CAPPARELLI-BUGIELSKI-BRADLEY- MCAULIFFE AND SAVIANO. Short description: PEN CD-CHGO FIRE-PARAMEDICS Synopsis of Bill as introduced: Amends the Chicago Firefighter and Municipal Employee Articles of the Illinois Pension Code to require the Chicago municipal pension fund to transfer to the Chicago firefighter pension fund certain city contributions relating to paramedics. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) According to an analysis prepared by the Fund's actuary, HB 0421 would decrease the unfunded liability of the Chicago Firefighers' Fund by an estimated $17.8 million. The $17.8 million matches an amount that would be transferred from the Chicago Municipal Fund, based on the contributions of 380 paramedics who took refunds from the Chicago Municipal Fund in 1984, and who are currently participating in the Chicago Firefighters' Fund. The unfunded liability of the Chicago Municipal Fund would increase by the same amount. 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 Full Text Bill Status