House Sponsors: MCAULIFFE-CAPPARELLI-BUGIELSKI-SAVIANO-LYONS,JOSEPH. Short description: PEN CD-CHGO POL-BRASS SALARY Synopsis of Bill as introduced: 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 HB 1877 is $7.0 million. The decrease in normal cost is estimated to be $0.2 million and decrease in the annual payment due to the estimated reduction in the accrued liability is $0.3 million. Therefore, the estimated reduction in annual cost in the first year due to HB1877 is $0.5 million, or 0.07% of payroll. As payroll grows, the annual savings will 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 Full Text Bill Status