92nd General Assembly
Summary of SB0707
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Senate Sponsors:
MOLARO.

Short description: 
PEN CD-CHGO POL-CORRECTIONS                                                

Synopsis of Bill as introduced:
        Amends the Chicago Police Article of the Illinois  Pension  Code.      
   Provides  that  a  participant  who  has rendered at least 15 years of      
   service as a member of the police  department  may  establish  service      
   credit  in  the  Fund  for  a period of up to 7 years spent performing      
   corrections work for Cook  County,  the  State  of  Illinois,  or  the      
   federal   government.   Amends  the  State  Mandates  Act  to  require      
   implementation without reimbursement.  Effective immediately.               
          PENSION NOTE (Pension Laws Commission)                               
          The fiscal impact of SB707 cannot be determined, as it depends       
          on the amount of service credit established. The fiscal impact       
          is expected to be minor, as the employee is required to make         
          the employee contributions (with interest) and the City is           
          required to make the corresponding employer contributions.           
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status