House Sponsors: LYONS,JOSEPH-BUGIELSKI-CAPPARELLI-MCAULIFFE-ACEVEDO AND LANG. Short description: PEN CD-CHI POL-SALARY-OVERTIME Synopsis of Bill as introduced: Amends the Chicago Police Article of the Illinois Pension Code to allow overtime pay to be included in the calculation of salary for pension purposes. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) The fiscal impact of HB 4063 has not been calculated, but could be significant. Additional employer contributions would be required, as employer contributions to the Chicago Police Pension Fund are based on employee contributions from two years prior. HB 4063 increases employee contributions beginning January 1, 2003. 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