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