92nd General Assembly
Summary of HB4931
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House Sponsors:
NOVAK.

Short description: 
PEN CD-SURS-POLICE FORMULA                                                 

Synopsis of Bill as introduced:
        Amends the State Universities Article  of  the  Illinois  Pension      
   Code.    Increases the retirement formula for a participant who has 20      
   or more years of service as a police  officer  or  firefighter.   Also      
   increases  the  employee contributions for participants who are police      
   officers or firefighters by a total of 3% of  earnings,  in  3  annual      
   increments.  Effective immediately.                                         
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of HB 4931 has not been calculated but is          
          expected to be minor, as approximately 500 people would be           
          affected.                                                            
 
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