Senate Sponsors: WALSH,T. Short description: PENCD-ART 4-SURV SPOUSE-3% AAI Synopsis of Bill as introduced: Amends the Downstate Firefighters Article of the Illinois Pension Code. Provides for a 3% automatic annual increase in surviving spouses' pensions. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Illinois Pension Laws Commission) Based on FY 1996 membership data supplied by the Department of Insurance, the Commission's actuary estimates that SB 1846 would increase the accrued liability of the Downstate Firefighters' pension funds by $175.1 million. The resulting increase in total annual cost is estimated to be $17.8 million, or 5.06% of payroll. The increase in accrued liability and annual cost would vary by individual fund and would increase commensurate with payroll. 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