Illinois General Assembly - Bill Status for SB1768

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Bill Status of SB1768 93rd General Assembly

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Short Description: PENCD-DNST POL-DISABILITY BNFT

Senate Sponsors
Sen. Chris Lauzen

Last Action

Date	Chamber	Action
1/11/2005	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/3-111.1

from Ch. 108 1/2, par. 3-111.1

40 ILCS 5/3-116.1

from Ch. 108 1/2, par. 3-116.1

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Downstate Police Article of the Illinois Pension Code. Accelerates the annual increases for certain persons receiving a duty disability pension. Provides an enhanced formula for certain persons receiving a duty disability pension who elect to convert to a retirement pension. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Pension Note (Pension Laws Commission)

Based on 1996 membership data for all Downstate Police pension funds provided by the Department of Insurance, the Commission's actuary estimates that the acceleration of the automatic increase in duty disability pensions contained in SB 1768 would increase the accrued liability of the funds by $38.6 million. The estimated increase in total annual costs is $4.8 million, or 0.95% of payroll. The annual cost will vary by employer and would increase commensurate with payroll.

Actions

Date	Chamber	Action
2/20/2003	Senate	Filed with Secretary by Sen. Chris Lauzen
2/20/2003	Senate	First Reading
2/20/2003	Senate	Referred to Rules
3/5/2003	Senate	Assigned to Insurance & Pensions
3/13/2003	Senate	Do Pass Insurance & Pensions; 010-000-000
3/13/2003	Senate	Placed on Calendar Order of 2nd Reading March 18, 2003
3/25/2003	Senate	Pension Note Filed As Introduced
4/4/2003	Senate	Third Reading Deadline Extended - Rule 2-10(e) to April 9, 2003.
7/1/2003	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
1/11/2005	Senate	Session Sine Die

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